\ For Regulatory Reporting
Get ready with OSTTRA
The European Securities and Markets Authority’s (ESMA) refit of the EMIR regulatory reporting regime comes into force in the EU on 29 April, 2024, with the FCA’s refit of UK EMIR following on 30 September, 2024. Our suite of services is ready for the new regime.
Key changes:
Our services have been adapted to accommodate these new requirements.
Trade Processing and Portfolio Services
OSTTRA triResolve, TradeServ, and MarkitWire will include key new functionality across rates, credit, and equities:
Repository Reconciliation and Validation
Our award-winning algorithmic matching technology gives you a holistic view of your data to ensure all of your trades have been reported accurately.
EMIR reporting reconciliation
For clients that report their own trades, OSTTRA triResolve will increase the number of fields in our trade, collateral, and portfolio reconciliation service in line to comply with ESMA’s added requirements for reconciliation and data tolerances.
EMIR reporting validation
For clients that delegate reporting, OSTTRA triResolve will adapt reports to meet the validation requirements specified. Obligation remains on firms to validate all reporting.
Optimisation
Reporting requirements of transactions resulting from PTRR services will be updated to include the new PTRR fields.
Counterparty risk optimisation and compression
We provide a PTRR ID in each OSTTRA triReduce and triBalance proposal file. All the PTRR fields (PTRR ID, PTRR technique, PTRR service provider, and PTRR) will be populated in OSTTRA triReduce and triBalance Rates MarkitWire messages.
Basis risk optimisation
OSTTRA Reset will retrieve and populate the appropriate UPI in our trade tickets.
To find out more about how our services are supporting EMIR requirements, or to join our Regulatory Reporting working group, please share your details and a short message and we will get in touch with you soon.
A member of our team will contact you.