Regulatory Alerts2024-03-01
Added · Updated
Guidelines on position calculation under EMIR Refit
Trade repositories must calculate position data and make it available in four separate datasets: Position Set, Collateral Position Set, Currency Position Set, and Currency Collateral Set. Calculations must be performed on a best available information basis using the latest trade state report, with specific deadlines for reporting and position provision on days T, T+1, and T+2. The guidelines specify detailed aggregation metrics for buyer-side and seller-side positions, including notional amounts, valuation amounts, delta positions, and other payments, while requiring the exclusion of outliers and specific missing data fields. Trade repositories are required to maintain calculation records for at least two years and provide access to authorities via ISO 20022 XML templates.
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