emiris complex regulations. complete solution.. emir – european market infrastructure regulation ...
TRANSCRIPT
EMIRIS
Complex regulations. Complete solution.
EMIR – European Market Infrastructure Regulation
Reporting is mandatory for all derivatives from February 12, 2014.
All derivative trades to be reported to an approved Trade Repository
Applies to all EU registered organizations trading derivatives – investment firms, banks, credit institutions, pension schemes, corporate etc.
TradeTech EMIRISSolves your EMIR reporting
EMIRIS - Background
TradeTech part of early phase of the EMIR regulation
Approached by Treasury client to solve their EMIR reporting
Pilot project with 3 of the 6 largest corporates in Sweden
EMIRIS – your reporting solution
A unique Software as a Service (SaaS) solution, 100% secure
Independent of your Treasury Management system (TMS)
No additional module or infrastructure needed in your TMS
You have access to the solution through web interface to: Approve data sent to TR (Can be set to automatic for full STP process) Drill down and analyze your data Get statistics on transferred data Access reconciliation status (monthly or weekly)
Maintenance, support and surveillance from a dedicated Treasury supplier
EMIRIS – Easy as 1,2,3
We send your report to the trade repository of your choice.
We help you to identify the data to be reported
We transform the data for you so it is EMIR compliant
EMIRIS – Step 1 Identify data to be reported
Identify gaps and prepare master data setup and processes Counterparty data - LEI Static data like – UTI, USI/UPI Information as “Directly linked to commercial activity or treasury financing” Master agreement version Confirmation time stamp etc
Create tools for extracting the data No requirements on format!
Use standardized reporting Use Excel Or use any other data formats(xml, csv, mdb etc)
Extract derivative data in one or multiple files of any format!
EMIRIS – Step 2
Transform data so it’s EMIR compliant
Collects and map data from multiple source systems or files
Advanced transformation engine loads data into our EMIR data model
We detect EMIR relevant changes on trades Send your data and we identify the changes to trades Source system(s) does not need to keep track of this
Reconciliation statuses from Trade Repository keeps you on top of your reported data, no matter what TR you use.
EMIRIS – Step 3
Send report to Trade Repository of your choice
ESMA approved Trade Repositories: DDTC UK DTCC Derivatives Repository Ltd. (DDRL), UK
Krajowy Depozyt Papierów Wartosciowych S.A. (KDPW), Poland
Regis-TR S.A., Luxembourg
UnaVista Ltd, UK
EMIRIS PROCESS
Daily process
How TradeTech Brings value
Experts to advise, setup and configure your Investment Management system (IMS)
Experts experienced with EMIR and CCP implementations
Full STP; extracting data, report creation and submission to repository
EMIRIS is designed specifically for EMIR legislation, not re-purposed from Dodd-Frank
Scalable with regard to architecture, database and data model
Continuous development and adjustments for any regulatory changes
EMIRIS - Price
Price model
Assistance of our EMIR expert consultants to identify and map data in your IMS Charged on time and material
TradeTech EMIRIS One-off implementation fee Monthly subscription fee
TR Connectivity fee Contact your TR account manager
STOCKHOLM, SWEDEN
GOTHENBURG, SWEDEN
THE HAGUE,THE NETHERLANDS
Thank You
Henrik Crone
Tel: + 46 707 66 74 01