December 20, 2013
ESMA clarifies reporting of on-exchange derivatives under EMIR | Esma
As expected ESMA have reacted to the refusal of the one year delay to ETD reporting by publishing more information via their Q&A process. The updates to the document here ESMA clarifies reporting of on-exchange derivatives under EMIR | Esma cover the following topics:
- Calculation of the clearing threshold
- Risk Mitigation techniques for OTC derivative contracts not cleared by a CCP
- Portfolio Reconciliation
- Front-loading requirement for the clearing obligation
- Segregation and portability
- Transparency
- Reporting of outstanding positions following the entry into force of EMIR (Backloading)
- Reporting to TRs: Table of fields
- Collateral portfolio code
- Position level reporting
- Scope of reporting
- Which parties have to report
- How should give-ups be reported
- Do Partial executions have to be reported separately
- Trade ID and Transaction Reference Number
- How should time stamps be populated
- Who should report the value of collateral
If you thought you could ease up over Christmas, think again. You can download the ESMA Q&A PDF here too.