EMIR Trade Reporting

About EMIR

EMIR, the European Market Infrastructure Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, specifies reporting obligations for counterparties and CCPs (central counterparties).

Who needs to report?

• Counterparties / Non-Clearing Members and Clearing Members active on the derivatives markets
• Central Counterparties (CCPs)

What needs to be reported?

• Details of any derivative contract concluded
• Any modification or termination of the contract
• Duplication is to be avoided

Where do I have to report to?

• Trade repository (REGIS-TR)

When do I have to report?

• No later than the working day following the conclusion, modification or termination of the contract (t+1)

Where do I find the concrete text of the regulation?

The complete text of EMIR is available here (REGULATION (EU) No 648/2012).

Please pay special attention to Article 9.

EMIR Trade Reporting Services

EEX Group supports all counterparties active on the derivatives markets cleared by European Commodity Clearing (ECC) in fulfilling their obligations according to the European Market Infrastructure Regulation (EMIR).

Our EMIR Trade Reporting Services include:

• Trade and position reporting for Financial (FC) and Non-Financial Counterparties (NFC)
• Exposure reporting for Clearing Members
• Provision of data files for individual downloading
• Reporting to the trade repository REGIS-TR
• Web Clients to monitor status of reported data

Counterparties can choose between a basic service that provides data files and a full delegation service to REGIS-TR.

EMIR Basic Service

Through the EMIR Basic Service, ECC’s Clearing and Non-Clearing Members can easily access, and check their data. Counterparties can easily download the data files and forward them to REGIS-TR or any other trade repository.

EMIR Full Delegation Service

Counterparties who wish to benefit from the highest standard of automation favour the EMIR Full Delegation Service. This service is an add-on to the EMIR Basic Service. All data is not only available as downloadable files, but is additionally reported directly to REGIS-TR.

Fees

<sup>* Free of charge for CMs with at least three NCMs that delegate reporting to ECC
** For NCMs: can only be selected by NCMs if their CM delegates reporting to ECC
* Please note: The mentioned price is for information purposes only. The currently binding price list is available at Trading > Price List</sup>

How to connect to EMIR Trade Reporting

To use the EMIR Trade Reporting Service, please fill in the following documents and send it to the Reporting Services team. After receiving the completed forms, we will contact you to start the setup process, which involves several steps to ensure that you have secure access to your reported data.

EMIR Reporting after C7

On 12 August 2019, ECC migrated its Derivatives Position & Transaction Management from the EUREX Classic Clearing System to the C7 Clearing System. As EMIR Art. 9 Reporting bases on Clearing Data, there is a significant impact of the C7 migration on EMIR Reporting.

Clearing and Non-Clearing Members who are already using EEX Group’s EMIR Trade Reporting Service can rely on the provided infrastructure. All necessary changes due to the migration of ECC’s Position & Transaction Management to C7 will be implemented automatically.

Counterparties that have implemented proprietary reporting solutions should adjust their reporting in order to use the new C7-report set. Additionally, the Identifier such as the Trade-IDs for Positions and Transactions as well as the Report Tracking Number are subject to change.

We advise counterparties that use their own reporting solutions to read the following information on the migration carefully. For changes regarding the reports please see here (eurex.com).

In case any questions please contact reporting-services@eex.com or via phone +49 341 2156 – 380.