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EMIR

Rocket 6 Magazine - Blast Off Approaching

The team here at The OTC Space are pleased to announce the upcoming launch of Rocket 6.

New Free Validation Service for GTR Submissions

Risk Focus have made a free service available to pre-validate submissions to the DTCC GTRs around the world.

T-0 for SEC Reg SBSDR Compliance Date

Hello friends. As the screenshot above indicates, today is Compliance Date for Securities Based Swaps Data Repositories to register under SEC Regulation SBSDR, which is a critical milestone on the way to Compliance Date for SEC Regulation SBSR.

Final EU Margining RTS Published – Some Good, Some Bad.

On 8 March, the ESAs – ESMA, EBA and EIOPA – after a few delays, published the long awaited final draft Regulatory Technical Standards (“RTS”) which set out the margining requirements mandated under EMIR for non-centrally cleared OTC derivatives.

Risk Focus: Please Vote for Us In the FTF Awards

Today I’ve been speaking with Lloyd Altman at Risk Focus about their inclusion in the Financial Technology Forum’s annual awards, in category 10 for Best Derivatives Operations Solution.  Lloyd heads the Report-It.Trade business which contains three micro-services for trade reporting.
 
The award is described like this:

Breakfast Briefing: Update on New Margin Market Infrastructure and Preparations for September and March

The Field Effect and The OTC Space are pleased to partner on this event, in association with CloudMargin, TriOptima and Clearstream. This event will be free for guests to attend, located centrally in Canary Wharf and timed to ensure that guests can attend, have breakfast, and then return to their usual working day. See below for more details. This announcement contains open access information about the event - see the gated registration version for the opportunity to register your interest.

ESAs publish final draft technical standards on margin requirements for non-centrally cleared derivatives

The European Supervisory Authorities (EBA, EIOPA, ESMA - ESAs) published today the final draft Regulatory Technical Standards (RTS) outlining the framework of the European Market Infrastructure Regulation (EMIR).

THIS MEANS THE RULES FOR MARGINING UN-CLEAR BILATERAL OTC BUSINESS, AND IS GENERALLY SEEN AS A BIG DEAL. I assume these draft rules then need approval by the European commission before being adopted officially.

Compliance is a Journey, Not a Goal

Within the next 18 months the impact of mandatory clearing and the margin on bilateral OTC trades will begin to reshape the OTC market.

EurexOTC Clear Expand Liquidity Fee Waiver Programme

Eurex Clearing offers a new incentive programme "Expand Liquidity" which grants fee incentives to all Clearing Members and Registered Customers for their OTC Interest Rate Swap business.

Equivalance: The Key to Global OTC Reform

When I first delved into EMIR back in 2012, the importance of ‘equivalence’ didn’t even cross my mind, least of all how the global bit of all this OTC swap reform was going to play out. Given the complexity of what had just landed in your lap, why would it?!

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