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EMIR Reporting

Extension of it.commodity Derivatives to Include EMIR Status

In accordance with the European Regulation, reporting of derivative transactions is obligatory. Transactions, changes or terminations of derivatives contracts must be reported to a trade repository. The European Market Infrastructure Regulation (EMIR) is intended to minimize systemic risks in the European derivatives market and improve the transparency of foreign exchange markets.

Your Benefits
Functions
Scope
Requirements

Ensures Compliance with EU Regulations

it.commodity derivatives with EMIR status

File Generation

EMIR messages bundled in one file

Compliance with ESMA Requirements

Derivatives receive UTI number

Your Benefits

EMIR - Increased Transparency in Derivatives Trading

The EMIR regulation applies to all derivatives. All data that must be reported is laid down in several regulations. With this solution, the EMIR status and the Unique Trade Identifier (UTI) are added to the it.commodity derivatives. In addition, EMIR messages are generated and bundled for a subsequent file transfer. With the generation of a standardized transmission file, the message is reported to the authority in accordance with ESMA (European Securities and Markets Authority) specifications.

Functions & Features of EMIR Reporting

  • Extension of it.commodity derivatives with EMIR status as well as a trade ID
  • Generation of EMIR messages for later bundling in a file
  • Creation of a standardized transmission file for reporting to the relevant authority in accordance with ESMA specifications

Scope

The scope of delivery includes:

  • Provision of the software license
  • Provision of relevant transport requests
  • Installation guide with description of the technical requirements as well as the necessary import steps
  • Customizing documentation with description of the necessary and optional settings for the solution
  • User documentation with description of how the solution works
     

Available languages:

  • Solution (user interface, online help and messages): English, German
  • Documentation: German

Requirements

SAP Release

  • SAP S/4HANA Finance 1503 and 1605 or
  • SAP S/4HANA 1511 – 2020 (on-premise edition)
     

Special Software Components

  • SAP_FIN 7.20 – 7.30 or
  • S4CORE 1.00 – 1.05
  • SAP_ABA / SAP_BASIS 7.50 – 7.5F
     

The solution requires a software maintenance agreement that includes info services and change notifications, help desk support and product updates.

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Are you looking for further information on EMIR Reporting? Just contact us – we are happy to assist you.