CME European Trade Repository (CME ETR) is an ESMA approved European Markets Infrastructure Regulation (EMIR) Trade Repository.
CME ETR can cater all your EMIR reporting requirement in Over The Counter (OTC) and Exchange Traded Derivatives (ETD, Futures & Options) in
• Foreign Exchange (FX) and
• Interest Rates.
CME ETR ensuring your compliance with your EMIR Reporting requirements
From 11th August 2014, the EMIR regulation requires that Financial Counterparties (FC) and Non-Financial Counterparties above the clearing threshold (NFC+) report daily collateral and valuation data relating to their open trades and positions to an EMIR Trade Repository.
This data relates to the Counterparty Data fields 17 to 26 inclusive, which are made up of five fields of Valuation data and a further five of Collateral data. CME ETR can assist you in understanding this obligation and in discharging your reporting requirements
CME’s ETR Collateral and Valuation UAT (Testing) environment will be available From June 2014 for Direct Reporting and July 2014 for Delegated Reporting file testing.
Our production environment will be available for both Direct & Delegated reporting on the 8th August.
Delegated Reporting Considerations
CME Group’s delegated reporting service for clearing members and clients of CME cleared markets will automatically include the submission of collateral and valuation data from 11th August into CME ETR.
Where clients have delegated the responsibility for submitting their reports to CME ETR to another third party, we recommend clients confirm with that third party that their delegation agreement also includes the submission of collateral and valuation data on their behalf in order to ensure that they will be compliant from 11 August.
CME ETR team will publish additional advisories in the weeks leading up to the mandate implementation with additional regulatory and industry guidance to help our clients complete their reporting obligation. Please contact us with any questions
In a world where our customers increasingly operate across complex regulatory regimes, CME ETR provides exceptional client service and support to assist clients with their regulatory requirements.
CME ETR offers real-time reporting, clients can have the satisfaction that they have met their reporting obligation in a timely, accurate and efficient manner. Submissions are immediately viewable and available for download via our web based user interface.
CME ETR onboarding and client services teams approach is one of support, simplification and satisfaction. Our experts provide educational support to clients, our IT team have simplified the CSV technical specification files by splitting out the asset classes. We have found that some of our clients do not trade all the reportable asset classes and therefore would like to work off specifications for only their applicable requirements. We have assisted clients by satisfying their EMIR reporting obligation and our onboarding and client service teams have surpassed clients expectations.
CME ETR fee structure follows our standard approach of being supportive to our client’s needs, simplification and satisfaction. CME ETR is competitively priced and is based on UTI submission volumes with no additional or hidden costs.
CME European Trade Repository is a business name of CME Trade Repository Limited, a registered trade repository under EMIR supervised by the European Securities and Markets Authority.
We hosted a webinar to discuss what you need to do and by when to fulfill your EMIR reporting obligation. Areas covered include: