One of the most frequently asked questions recently has been whether we are able to convert an EMIR-compatible report format into a format that could be used for FinfraG reporting.
The answer is simple. We can. According to our analyis there is just one additional field (type of collateral) which could, if even applicable, be populated with default values or values related to an e.g. master agreement.
The second difference is that under FinfraG for FX instruments also the value in the second currency has to be reported, which can be easily calculated by using the first notional value and the respective e.g. forward rate.
On 21 January 2017, the revised Regulatory Technical Standards (RTS) for EMIR were published in the official journal of the European Union. These standards will become effective as of November 1, 2017.
REGIS-TR have put together some of the key aspects in a short presentation.
If you don't want to deal with all the details that will make the EMIR-reporting even more complicated than it actually is, we do. Get in touch in case you want us to take care of all these issues for you.
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