08 AVRIL 2013

Trade Reporting EMIR - TAS presents the solution to comply with the new rules

The current EMIR legislation (European Regulation no. 648/2012 on OTC derivatives, central counterparties and trade repositories) established mandatory reporting of all derivatives transactions to the institutional bodies (authorized Trade Repositories or control authorities); from September 23rd 2013 the requirement will apply to OTC derivatives on interest rates and credit and to the others afterwards.

TAS offers a software solution that meets the requirements of the regulation for the communication of data related to derivative transactions and includes a module providing the normalization of data relating to contracts compliant with the established standards and the sending and receiving to/from the Trade Repository; optionally the solution can provide modules for the management of an internal repository for data history, reconciliation and reporting management for served counterparties.