Trade Repository Reporting - Temporary deviations to TR Handbook
NASDAQ OMX Clearing has published an EMIR trade reporting handbook (see link below) that details how NASDAQ OMX Clearing will construct its trade reports, to aid members that need to submit matching trade reports for their cleared trades with NASDAQ OMX.
Due to limitations and uncertainties on format validations at different Trade Repositories for some mandatory fields in the EMIR Reporting, NASDAQ OMX Clearing has been forced to implement temporary deviations to its trade reporting. The following chapters in the handbook are affected:
Chapter 6.2.9 - Quantity (Field 16):
The handbook specifies reporting quantity with decimals for various commodity products. Not all Trade Repositories will be able to accommodate quantity in decimals from 12th of February. NASDAQ OMX Clearing will initially report all quantities rounded to the nearest non-decimal value, e.g. a quantity of 0.4 or lower as 0, and a quantity of 0.5 or higher as 1, in order to avoid the whole report being rejected due to format validation by the Trade Repository.
Chapter 6.4.1 - Clearing Obligation (Field 28):
Not all Trade Repositories will be able to accommodate blank as a value, and NASDAQ OMX Clearing will therefore report NO.
Chapter 6.4.5 - Intragroup (Field 32):
Not all Trade Repositories will be able to accommodate blank as a value, and NASDAQ OMX Clearing will therefore report NO.
NASDAQ OMX Clearing will issue a new Clearing Information Notice when these temporary deviations to the Handbook are due to cease.
Please find more information on our trade reporting pages:
http://www.nasdaqomx.com/europeanclearing/new...g-services
Reporting with NASDAQ OMX Clearing as counterpart
Members that have questions regarding the published material on aligning their trade reports with NASDAQ OMX and those that need operational assistance with mismatched reports where NASDAQ OMX Clearing is the counterparty to the trade should contact derivatives.TR@nasdaqomx.com or call + 46 8 405 6342.
NASDAQ OMX EMIR Trade Reporting Service
A Clearing Member of NASDAQ OMX markets may optionally select to delegate its trade reporting to NASDAQ OMX Broker Services, whereby NASDAQ OMX Broker Services will submit the trade reports on behalf of the member to a trade repository. Further information about this service can be obtained by sending an email to tradereporting@nasdaqomx.com .
Best regards,
NASDAQ OMX Clearing