DTCC Fee Structure

We have also tried to obtain some information from DTCC regarding their pricing model. We really tried hard to get some numbers but, in the end, everything was just 'indicative' and 'confidential'. DTCC confirmed that they do not offer any 'third party' models providing some additional benefit for reporting entities.

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REGIS-TR announces updated Fee Schedule

REGIS-TR recently published their updated fee schedule regarding trade reporting under EMIR.

Reporting Participants will face membership costs as well as costs related to the number of trades reported and also costs depending on the duration of the contract.

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EMIRate 'on-premise'?

We have been asked by several companies whether we will offer EMIRate as an 'on premise' solution as well. To cut a long story short - we will, but only if we find at least a few clients who prefer an in-house to a Cloud-based solution.

We still recommend the Cloud for a number of reasons. If - due to whichever reason - the Cloud is not an option for you, but an 'on-premise' version would be, we look forward to receiving your enquiry.

Exchange Traded Derivatives - Reporting Start Date postponed

ESMA proposes postponing the reporting start date for exchange traded contracts, ETDs, by one year until January 2015. The expected start date for OTC derivatives reporting remains January 1, 2014.

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EMIRate TV

Our first clip is online, featuring EMIRate's IRR functions. IRR? Import.Report.Relax. Because it is simple.

New Q&A Document published by ESMA

ESMA published a new Q&A document on August 5, 2013.

The Q&A document covers general, OTC, CCP and TR related questions and a few additional aspects have been added or were modified, which are of relevance to corporations (below the clearing threshold), e.g.:

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EMIRate - First client ...

Yesterday we received a commitment from our first client (Austrian company, ATX-listed) who will use EMIRate for their EMIR reporting.

EMIR and its impact on Swiss Corporates

EMIR also (indirectly) applies for Swiss Corporates with subsidiaries in the EU if these subsidiaries either have external derivative transactions with banks or internal trades with e.g. the Switzerland-based holding company. In fact, the Swiss holding company will not be affected by EMIR directly, but their affiliates will. To learn more about the respective requirements, please have a look at the document we have prepared exclusively for Swiss corporates (in German only).

Pictures at an exhibition ...

Our gallery is open, check out the look and feel of EMIRate.

EMIR - What banks (do not) unveil on their websites

We did some research on bank websites searching for the term 'EMIR' – it looks like EMIR hasn't arrived yet, which is quite astonishing (if not scary), taking into account that EMIR has already come into force. Not even on the websites of some of Europe's or the world's largest banks were we able to find anything regarding EMIR or the respective bank's offerings.

Click here to see what we did find. Our absolute favorite?

Nothing found for 'EMIR'. Did you mean emil?

Thank you guys; this was a really good laugh. Search result: 'My name is Emir' (# 1 of the results on the bank's website) was not bad either.

We hope that none of these banks has promised to take care of your reporting.