Find
05 Jan 2023

Eurex Clearing

Reporting of cleared Securities Financing Transactions (SFTs) by Eurex Clearing according to the SFT Regulation Article 4: Updated Member Information 1.6

Eurex Clearing Circular 001/23 Reporting of cleared Securities Financing Transactions (SFTs) by Eurex Clearing according to the SFT Regulation Article 4: Updated Member Information 1.6

1.  Introduction   

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

Since both counterparties of a cleared SFT (CCP and Clearing Member) are subject to reporting obligation (exceptions may apply) and since data fields have to be identical (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 create these data fields. The Member Information document provides an overview of how the CCP populates its data fields in order to enable Clearing Members to match the data. 

Besides minor adjustments and few editorial changes, the updated Member Information document version 1.6 contains the following amendments: 

  • Additional details complementing population logic Field 97: Portfolio code
  • Inclusion of new Field 19: Delivery By Value (DBV) indicator
  • Eurex Clearing CCP Helpdesk for SFTR email address change from sftr@eurex.com to ECAGRegulatoryReporting@eurex.com

The amendments are effective with the publication date of this Eurex Clearing Circular. 

For more information about Eurex Clearing's regulatory reporting, please visit our dedicated Support page under the following link: Support > Regulation > Regulatory Reporting. Documentation, circulars, timelines and more are available there for you.

2.  Required action

Clearing Members are asked to read the new version 1.6 of the Member Information, which contains the most recent amendments 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. Non-editorial changes to the Member Information document are highlighted in green.

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 1.6, 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.

If you have any questions or require further information, please contact the Eurex Clearing CCP Helpdesk under: ECAGRegulatoryReporting@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 1.6

Further information

Recipients:

All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors

Target groups:

Middle + Backoffice

Contact:

Eurex Clearing CCP Helpdesk, ECAGRegulatoryReporting@eurex.com

Web:

Support > Regulation > Regulatory Reporting

Authorized by:

Manfred Matusza