On Aug. 22, EUREX Clear issued EMIR REFIT reporting changes.
EUREX Clear announced upcoming major changes to existing reporting for EMIR REFIT.
EUREX Clear and its clearing members are obliged to report transactions and positions in exchange-traded, off-book and over-the-counter (OTC) derivative contracts.
In addition, EUREX Clear and members must submit collateral and valuation reports.
Overview of Changes
Increased use of links among transactions and prior transactions/subsequent positions.
Changes include detailed classification of action types (e.g. new, modify, terminate etc.) and event types (e.g. inclusion in position, step-in, PTRR etc.).
Adds fields, changes existing fields, and moves to standard ISO 20022 XML format.
Reporting Details
Provides general information on reporting by EUREX Clear according to EMIR REFIT.
Eurex Clear will report ETDs at position level with all ETD transactions included in positions at the end of the day, with clearing conditions adjusted accordingly.
EUREX Clear to send zero valuations for active ETD positions that have zero quantity.
6 types of reports will be submitted daily: ECAG EMIR ETD transactions, ECAG EMIR ETD positions, ECAG EMIR OTC transactions, valuation ETD, valuation OTC, collateral.
Clarification given regarding selected new or special interest fields in EMIR REFIT.
Effectiveness
The new reporting requirements will be implemented in simulation on Nov. 29, 2023.
The new reporting requirements will be implemented in production on Apr. 29, 2024.
In Nov. 2023, EUREX Clear reported ECAG cleared, active OTC changes, see #191862.
