Trade repository

Entity where electronic records of financial market transactions must be recorded. Regulators, central banks and market participants have a need for reliable trade repositories because they contribute significantly to the transparency of financial markets by collecting, storing and sharing data. – In implementation of these objectives and to create a uniform supervisory framework on central counterparties, Regulation (EU) № 648/2012 of the European Parliament and of the Council of July 4, 2012 on OTC derivatives, central counterparties and trade repositories, the European Market Infrastructure Regulation, EMIR, has been in force since August 2012. – According to Art. 9 EMIR, the conclusion of derivative transactions must be reported to a trade repository as of 12.02.2014. Derivative transactions that exist or existed since 16.08.2012 are also subject to a subsequent reporting obligation. A 90-day deadline applies if the contract is still running on Feb. 12, 2014. A three-year deadline must be observed if the
contract has already expired as of February 12, 2014. – See DerivategeschäfteClearingpflicht, Derivategeschäfte-Meldepflicht, Transaktionsmeldung.– Cf. Monthly Report of the Deutsche Bundesbank of July 2012, p. 39 (importance of trade repositories for market transparency), Annual Report 2013 of BaFin, p. 163 (new requirements for OTC derivatives transactions through the amended DerivateV).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/