Regulatory Alerts2018-03-27
ESMA Guidelines on position calculation by trade repositories under EMIR
The European Securities and Markets Authority (ESMA) issued final guidelines to mandate harmonized position calculations by Trade Repositories under EMIR, addressing divergent approaches that hinder systemic risk assessment. The document requires Trade Repositories to produce four distinct datasets—Position Sets, Collateral Position Sets, Currency Position Sets, and Currency Collateral Position Sets—using consistent methodologies and up-to-date trade state data. These guidelines ensure that relevant authorities receive high-quality, aggregated data necessary for monitoring financial stability and will become applicable on 3 December 2018.
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