Omgeo solution to assist with EMIR requirements
30 June 2014 New York
Image: Shutterstock
Omgeo’s ProtoColl, the firm’s automated collateral and margin management solution, is offering a standard interface to The Depository Trust & Clearing Corporation (DTCC) Global Trade Repository (GTR), the world’s largest derivatives trade data repository.
ProtoColl clients can now use the new interface to meet the upcoming European Market Infrastructure Regulation (EMIR) requirement for collateral reporting.
EMIR entered into force on 15 March 2013 and introduced a range of changes to the derivatives market including central clearing mandates, increased margin and collateral requirements for OTC derivatives transactions as well as trade reporting of OTC and exchange traded derivatives.
Omgeo ProtoColl helps users to meet the upcoming EMIR requirements by linking collateral across a firm with originating transactions/positions, and reporting this data to GTR.
Firms often gather data from disparate systems across their organisation, making it difficult to tie transaction information with collateral and, therefore, meet their new reporting requirements.
ProtoColl matches collateral with originating transactions or positions and reports the consolidated data in a GTR standard format within the interface.
Key data elements within the ProtoColl collateral report include unique trade identifiers (UTI), legal entity identifiers (LEI) and/or internally-generated identifiers matching the client-reported derivatives data.
ProtoColl clients can now use the new interface to meet the upcoming European Market Infrastructure Regulation (EMIR) requirement for collateral reporting.
EMIR entered into force on 15 March 2013 and introduced a range of changes to the derivatives market including central clearing mandates, increased margin and collateral requirements for OTC derivatives transactions as well as trade reporting of OTC and exchange traded derivatives.
Omgeo ProtoColl helps users to meet the upcoming EMIR requirements by linking collateral across a firm with originating transactions/positions, and reporting this data to GTR.
Firms often gather data from disparate systems across their organisation, making it difficult to tie transaction information with collateral and, therefore, meet their new reporting requirements.
ProtoColl matches collateral with originating transactions or positions and reports the consolidated data in a GTR standard format within the interface.
Key data elements within the ProtoColl collateral report include unique trade identifiers (UTI), legal entity identifiers (LEI) and/or internally-generated identifiers matching the client-reported derivatives data.
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