Centrus Analytics Services – Treasury professionals are operating in a challenging environment of increased regulation, more diversity in terms of availability of investments and liabilities as well as greater demands in terms of disclosure requirements. This generally requires them to organise their teams and processes more efficiently from a risk management and timing perspective. Challenges such as increased productivity through automation of tasks and strengthening internal controls have been high on the treasury agenda recently. At Centrus, using the powerful combination of treasury and accounting expertise along with sophisticated treasury technology we have been supporting clients through the entire treasury management process. This is from the deal capturing stage, through to information processing and subsequently during the analysis and presentation of outputs.
EMIR Regulatory Services
To achieve higher levels of transparency and risk reduction in the derivatives market, The European Market Infrastructure Regulation (“EMIR”) introduced new obligations for derivative-trading companies. Those include reporting of all derivative contacts, mandatory centralised clearing of standardised OTC derivatives, risk mitigation techniques for non-centrally cleared derivatives, and enhanced collateral requirements.
Since the beginning of its implementation, the compliance with EMIR requirements has been a challenge for financial institutions and it still is. Centrus EMIR Regulatory Services help our clients to comply with EMIR provisions, from strategic considerations to implementation and reporting.
EMIR Regulatory Requirements
EMIR has introduced:
- Reporting obligations for OTC derivatives;
- Clearing obligations for eligible OTC derivatives;
- Measures to reduce counterparty credit risk and operational risk for bilaterally cleared OTC derivatives;
- Common rules for central counterparties (“CCPs”) and for trade repositories; and
- Rules on the establishment of interoperability between CCPs.
EMIR requires that both the counterparties of a derivative transaction must report to the trade repository on execution, modification and termination of a transaction.
Drawing experienced team of experts, Centrus offers an EMIR Data Management and Reporting solution, which includes reporting to trade repositories and reconciliation services required under EMIR.
- All trade related information for the OTC derivative trade
- Key qualitative and quantitative data pertaining to the OTC, derivative contract including trade date, effective date, scheduled maturity date, payment/settlement dates, notional value, underlying instruments, business day conventions, fixed rates, floating rates etc.
- Collateral payments and movements
- Position valuation per the agreed methodology of the portfolio, fund or vehicle
Reporting and Reconciliation
- Reporting to the trade repository of the 90 required data fields
- Reconciliation of the trade repository data against client data
- Access to all current and historical reporting
Centrus EMIR Regulatory Services can either be provided as managed services, when we act on behalf of your company, or the platform can be implemented internally, for in-house management.