Regulatory Alerts2019-03-28
Added · Updated
Guidelines on position calculation by Trade Repositories under EMIR
These guidelines apply to trade repositories registered or recognised by ESMA and require them to calculate and make available position data in four separate datasets: Position Set, Collateral Position Set, Currency Position Set, and Currency Collateral Position Set. Calculations must be updated daily, using the latest trade state data as of the end of the previous business day, and made available to authorities by 12:00 UTC on the second business day following the trade date. The document specifies detailed metrics for aggregating positions on a gross basis, including handling of outliers, currency conversion to Euros, and specific requirements for collateral and credit derivatives.
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