London Stock Exchange Group applies to be a Trade Repository

London Stock Exchange Group applies to be a Trade Repository

London Stock Exchange Group has applied to ESMA for UnaVista to be a trade repository across all asset classes.

Under EMIR all EEA counterparties to any derivative trade must report to an approved EEA trade repository. We expect the reporting of interest rate and credit derivatives to become a requirement by November 2013 followed by all other derivative asset classes in January 2014. All trades dating back to 16 August 2012 will also have to be reported. For more information on the details of EMIR please click here.

UnaVista expects to be approved as a trade repository in August 2013 and we are running a pilot service for clients to allow customers to test the service before the November 2013 and January 2014 live dates.

What UnaVista Trade Repository will offer you?

Fulfil all of your EMIR reporting requirements

UnaVista currently operates as a European Approved Reporting Mechanism (ARM) under the MiFID regime for all asset classes and markets. By becoming a trade repository for all asset classes and all venues, customers will only need to connect once to meet both their EMIR and MiFID reporting requirements.

Use our European regulatory experience

London Stock Exchange Group has been at the forefront of helping clients with European regulations for decades. We are a trusted, neutral and regulated venue already providing many regulatory services such as Regulatory News Service (RNS), National Numbering Agency (ISIN) and regulatory reporting (UnaVista).

Use our regulatory reporting experience

As a market leading MiFID transaction reporting service, UnaVista reports c1 billion multi-asset transactions annually to multiple regulators, including over 300 million derivatives on behalf over 600 clients. Our trade repository will harness the power of our transaction reporting service.

STP from CCPs part of the LSE Group

As well as connecting to all European CCPs, firms will be able to report straight through from the CCPs that are part of the LSE Group, making the most of our Group’s infrastructure.

More than just a trade repository

UnaVista can assist you with more than just EMIR and MiFID. The UnaVista’s Rules Engine acts as a central hub for the production of data to meet global regulatory reporting requirements. With linkages to global trade repositories the UnaVista rules engine helps firms to meet global regulations. Using a firm’s source data, our global multi asset class reference data of 5m tradable products and the relevant regulation’s rules logic, the data is enriched and routed to the required destinations. UnaVista also has solutions for various regulations such as Financial Transaction Tax, Short Selling, FATCA and more.

Fulfil your EMIR reconciliation obligations

UnaVista has a powerful matching and reconciliation engine, allowing you to fulfil your obligation to reconcile your trade with the counterparties before submission. UnaVista will also allow you to match the trades with you counterparties after submission, so you can be sure your data is correct.

Enrich your data

By connecting to UnaVista you can enrich your data from multiple sources of reference data, including SEDOL Masterfile and entity relationship data.

Where can you find out more?

UnaVista will be holding a number of events over the next few months to help you understand and fulfil your EMIR requirements. The first sessions will be to explain the finer details of the regulation as clarified in the up coming ESMA Q&A session.

16 and 25 April– EMIR Q&A Session – following the clarifications received in the ESMA Q&A, UnaVista will run a session to explain how EMIR will work and how the UnaVista trade repository will assist you. Follow this link for more information

Regular WebEx Training Sessions – we will be running weekly WebEx training session to help you understand EMIR and UnaVista trade repository. Please keep an eye on the following link to register for those sessions at when they are set up.

June – Operational Risk Seminar – in our annual seminar we will invite guest speakers to discuss industry matters, with a special focus on EMIR.