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EUROPE: NEW DAILY DERIVATIVE REPORTING FOR ALL?


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marcopolo1's Avatar
 marcopolo1 
columbus OH/USA
 
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I'm wondering if anyone trading derivative in Europe is aware of the new European Market Infrastructure Regulation (EMIR)
and have information on this new reporting?

In a nutshell, EMIR ( European Market Infrastructure Regulation (EMIR) | Esma)
was designed to track OTC derivatives, however there is a DAILY reporting requirement that seems to apply
to all traded derivatives (OTC and exchanges ones)...
See:
European market infrastructure regulation (emir) - Quick Overview - slide 11, and
Reporting obligation under EMIR

EMIR Trade Reporting Service - NASDAQ OMX
Who will be affected?

All counterparties to all derivative transactions
Includes financial and non-financial counterparties
Under EMIR, a counterparty outside the EU does not have to report to a Trade Repository

How will Trade Reporting affect you?

Covers all derivatives contracts
Equity, interest rate, currency, commodity and credit
Includes OTC (including those that are not centrally cleared) and exchange traded derivatives
Differs from Dodd Frank by including exchange traded derivatives

No exemptions for “non-EEA derivatives”
Trading venue and underlying assets are irrelevant
No threshold below which derivatives contracts are not reportable


Adding a pdf that explain the whole deal.... If anyone is working on this reporting thing, please share experience and tips!!!

EUROPE: NEW DAILY DERIVATIVE REPORTING FOR ALL?-allegro-emir-remit-wholesale-energy-trading-docket.pdf


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marcopolo1 View Post
I'm wondering if anyone trading derivative in Europe is aware of the new European Market Infrastructure Regulation (EMIR)
and have information on this new reporting?

In a nutshell, EMIR ( European Market Infrastructure Regulation (EMIR) | Esma)
was designed to track OTC derivatives, however there is a DAILY reporting requirement that seems to apply
to all traded derivatives (OTC and exchanges ones)...
See:
European market infrastructure regulation (emir) - Quick Overview - slide 11, and
Reporting obligation under EMIR

EMIR Trade Reporting Service - NASDAQ OMX
Who will be affected?

All counterparties to all derivative transactions
Includes financial and non-financial counterparties
Under EMIR, a counterparty outside the EU does not have to report to a Trade Repository

How will Trade Reporting affect you?

Covers all derivatives contracts
Equity, interest rate, currency, commodity and credit
Includes OTC (including those that are not centrally cleared) and exchange traded derivatives
Differs from Dodd Frank by including exchange traded derivatives

No exemptions for “non-EEA derivatives”
Trading venue and underlying assets are irrelevant
No threshold below which derivatives contracts are not reportable


Adding a pdf that explain the whole deal.... If anyone is working on this reporting thing, please share experience and tips!!!

Attachment 129950

I don't think you are above the clearing threshold. If you were, you would have asked your lawyer already.

A retail trader in centrally cleared derivatives should not have to worry


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Last Updated on December 5, 2013


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