Reporting of cleared Securities Financing Transactions (SFTs) by Eurex Clearing according to the SFT Regulation Article 4: Updated Member Information 1.7

1.    Introduction

Eurex Clearing has been reporting securities financing transactions according to Article 4 of the Securities Financing Transactions Regulation (SFTR) since July 2020.

Since both counterparties of a cleared SFT (CCP and Clearing Member) are subject to reporting obligation (exceptions may apply) and since data fields must be identical (such as Unique Transaction Identifier, Counterparty data, Loan and Collateral data, Margin and re-use data), it is important that the CCP and its Clearing Members use the same methods to create these data fields. The Member Information document provides an overview of how the CCP populates its data fields to enable Clearing Members to match the data.
 
For more information Eurex Clearing's regulatory reporting please visit our dedicated Support page under the following link: Support > Regulation > Regulatory Reporting. Documentation, circulars, timelines and more will be available there for you.
 

2.    Required action

Clearing Members are asked to acknowledge the new version 1.7 of the Member Information, which contains the most recent amendments of Eurex Clearing’s SFTR reporting logic and take appropriate action to ensure internal readiness to match the reporting requirements in accordance with SFTR Article 4.
 

3.    Details of the initiative

The document “Reporting of cleared SFTs by Eurex Clearing according to SFTR Article 4” provides an overview of how the CCP will populate its data fields to enable Clearing Members to match the data with their reporting. 

The updated Member Information document version 1.7 contains the following amendments: 

• Additional information regarding the UTI of pre-novated trades has been added on behalf of Eurex Repo.
• Inclusion of the CE880 GC Pooling Collateral Allocation Report as an alternative data source for collateral reporting of GC Pooling trades.
• Supplementary details and explanations enhancing the margin reporting.

Non-editorial changes to the Member Information document are highlighted in green. The amendments are effective with the publication date of this circular. 

Please note: Reporting is still subject to further guidance by ESMA or industry alignment. Any further changes will be communicated by Eurex Clearing circulars or newsflashes.

The Document “Reporting of cleared SFTs by Eurex Clearing according to SFTR Article 4”, version 1.7, is also available for download in the Member Section of Deutsche Börse Group under the following link:

Member Section > Resources > Eurex Clearing > Documentation & Files > Reporting Basel III_CRR, EMIR, SFTR > SFTR Reporting.

If you have any questions or require further information, please contact the Eurex Clearing CCP Helpdesk under: ECAGRegulatoryReporting@eurex.com.

Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.

Attachment:

• Member Information – Reporting of cleared SFTs by Eurex Clearing according to SFTR Article 4, version 1.7

Further information