Reporting by Eurex Clearing according to Article 9 EU Regulation No. 648/2012 (EMIR): Updated version 2.7 of the Member Information available

1. Introduction

According to Article 9 EMIR (European Market Infrastructure Regulation), both Eurex Clearing and its Clearing Members are obliged to report transactions in exchange-traded, off-book and OTC derivatives since 12 February 2014. Also, collateral and valuation reports must be submitted since 12 August 2014.

As both counterparties of a derivative trade must report and common data must be identical, it is important that the CCP and its Clearing Members use the same methods to populate common data fields.

The last EMIR Release in 2020 successfully implemented major changes to improve matching rates. In March 2021 it was followed by the publication of the EMIR Position Report, which provides position UTIs in the harmonized structure with the aim of improving the matching of ETD positions. The current release will focus on updates to the scheme as a result of upcoming TR release. In addition, the following field logic will be updated:

• Adaption of the reported amount for notional (data field 20) for ETD transactions and ETD positions,
• Adaption of definitions of dates according to ESMA Q&A TR question 56 for FRA,
• Adaption of reported value for buy/sell indicator for zero positions according to ESMA Q&A question 3b, line 12,
• Bug fix: Correct population of counter party ID for valuation updates.

Production start: 7 June 2021 

Learn now more about the Regulatory Reporting on our dedicated initiative page under the following link: Support > Regulation > Regulatory Reporting. System documentation, circulars, timeline and much more information will be available there for you 

...and on the go via the personalized Eurex App.

2. Required action

Clearing Members are asked to read the new version 2.7 of the Member Information, which contains the most recent version of Eurex Clearing’s EMIR reporting logic.

3. Details

The attachment “Member Information - Reporting by Eurex Clearing according to EMIR Article 9”, version 2.7 describes how Eurex Clearing reports derivative transactions according to EMIR in order to enable Clearing Members and other reporting participants to align the reporting. Changes to the prior version are highlighted. 

EMIR reporting is still subject to further guidance by ESMA. In case of changes to the proposed EMIR reporting methods, Eurex Clearing will provide updated documentation via further Eurex Clearing circulars. 

The updated version 2.7 has also been made available for download in the Member Section of Deutsche Börse Group under the following path: 

Member Section > Resources > Eurex Clearing > Documentation & Files > Reporting Basel III_CCR, EMIR, SFTR > EMIR Reporting

This circular is for information purposes only and does not purport to define any legal requirements.

Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
 

Further information