Abide Financial combines industry expertise, transaction reporting consultancy and proven technology to bridge the gap between clients’ internal datasets and EMIR regulatory reporting obligations. We already process over 50% of FX transactions eligible for EMIR reporting, which reflects the trust clients have in our robust solution design, its implementation and ongoing client support.
EMIR reporting services include
Health checks and compliance reviews based on ESMA Q&As
Easily implemented reporting and valuation templates by asset class
ESMA Level 2 validations
Standardised integration with common industry platforms
Ad hoc regulatory consultancy, advice and rule interpretation
Named service delivery manager
Workflow enhancements to automate trade matching, UTI/UPI generation and delegated reporting
What is EMIR?
European Market Infrastructure Regulation (EMIR) is a wide-ranging package of requirements from the European Securities and Markets Authority (ESMA) designed to improve transparency and reduce risks in derivatives markets. It requires market participants to report details of all derivative contracts (interest rate swaps, FX, credit, equity and commodity) to Trade Repositories.
Transactions that need to be reported
Financial and non-financial firms trading derivatives must report details of all derivatives trades to ESMA via a Trade Repository (TR). This includes details of the trades and any event thereafter that affects the valuation or terms of the trade. EMIR covers over the counter (OTC) and exchange traded derivatives (ETDs):
Both parties to the trade must report to the TR
Trades and positions must be valued on a daily basis
One solution for all reporting obligations
Our Regulatory Reporting Hub is designed to receive, process, enrich and distribute transaction data routing it to relevant regulatory bodies under multiple global regimes: MiFID II, EMIR, ASIC, MAS and others.