Are you EMIR ready?

Manage EMIR reporting obligations effectively.

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

Abide Financial’s reporting HUB is designed to receive, process, enrich and distribute transaction data routing it to relevant regulatory bodies under multiple global regimes: MiFID, EMIR, REMIT, ASIC, MAS and others.

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Reporting firm

Are you fully compliant with EMIR?

Our regulatory experts are here to help. Book a complimentary consultation.

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