Reporting of cleared Securities Financing Transactions (SFTs) by Eurex Clearing according to the SFT Regulation Article 4: Updated Member Information 1.4

1. Introduction

Eurex Clearing has been reporting securities financing transactions according to Article 4 of the Securities Financing Transactions Regulation (SFTR) since 13 July 2020.

Since both counterparties of a cleared SFT (CCP and Clearing Member) are required to report and data fields are subject to reconciliation (such as Unique Transaction Identifier, Counterparty data, Loan and Collateral data, Margin and re-use data), it is important that the CCP and its Clearing Members use the same methods to populate the data fields.

In the updated Member Information version 1.4, besides few editorial changes, the following amendments related to the SFTR reporting logic have been made:

• Adaptation of relevant guideline sections due to the discontinuation of securities lending clearing service effective from 15 April 2021 
• Additional details complementing population logic and source of information for Field 78: Identification of a security used as Collateral and Collateral update reporting

Learn now more about Eurex Clearing's regulatory reporting on our dedicated Support page under the following link: Support > Regulation > Regulatory Reporting. 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 1.4 of the Member Information, which contains the most recent version of Eurex Clearing’s SFTR reporting logic.

3. Details of the initiative

The document “Reporting of cleared SFTs by Eurex Clearing according to SFTR Article 4” provides an overview of how the CCP will populate its data fields to enable Clearing Members to match the data with their reporting. Changes to the prior version are highlighted. 

Please note: Reporting is still subject to further guidance by ESMA or industry alignment. Any further changes will be communicated by Eurex Clearing circulars or newsflashes.

The Document “Reporting of cleared SFTs by Eurex Clearing according to SFTR Article 4”, version 1.4, is also available for download in the Member Section of Deutsche Börse Group under the following link:

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

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

If you have any questions or require further information, please contact the Eurex Clearing CCP Helpdesk under: sftr@eurex.com.

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.

Attachment:

• Member Information - Reporting of cleared SFTs by Eurex Clearing according to SFTR Article 4”, version 1.4

Further information