EUREX Clear EMIR REFIT Reporting

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.

Regulators EUREX Clear
Entity Types B/D; Depo; Exch; OTC
Reference Cir 055/23, 8/22/2023
Functions Accounting; Financial; Operations; Reporting; Settlement; Trade Reporting
Countries EU Exchange
Products Clearing; Commodities; Securities
Regions EMEA
Rule Type Final
Rule Date 8/22/2023
Effective Date 4/29/2024
Rule Id 182855
Linked to N/A
Reg. Last Update 8/22/2023
Report Section EU

Last substantive update on 08/25/2023