FinfraG / No reporting of trades between NFC-s
Game, set and match: Swiss National Council.
After intensive discussions during the past few days it had been finally decided that trades between NFC-s will not fall under the reporting obligation.
The only residual reporting obligation for Swiss corporates will concern trades concluded with Non-Swiss banks that will very likely not report under FinfraG.
EMIRate clients can be sure that we will offer a possibility to report the a.m. trades to a trade repository.