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Trade Reporting

Trade Reporting

EMIR mandates reporting of all derivatives to Trade Repositories (TRs). TRs centrally collect and maintain the records of all derivative contracts. They play a central role in enhancing the transparency of derivative markets and reducing risks to financial stability.

    Reporting

    Rules and guidance on implementing EMIR provisions

    ESMA has developed detailed rules and guidance on reporting, registering, and accessing data.

    What needs to be reported to TRs:

    Codes should be used to identify counterparties:

    • Legal entity identifiers (LEI)
    • Interim legal entity identifiers

    A pre-legal entity identifier can be issued by any of the endorsed pre-local operating units (LOU) of the global legal entity identifier system (GLEIS).

    TRs should apply validation rules to ensure that reporting is performed according to the EMIR regime,
    including the specifications of the Technical Standards. Please see EMIR TRQ&A 20 for more details.

    Accessing Data

    Regulatory technical standards on publicly available data and data available to authorities