The market is under pressure, the changing regulatory landscape has far-reaching consequences for the energy trading industry. The maze of new rules leads to a shifting focus of attention for the middle- and back-office in their day-to-day business.
Against the background of the regulatory and compliance obligations as a result of EMIR, REMIT and MIFID II, EFETnet can offer you solutions to meet the requirements.
eXRP for Mandatory Clearing
The electronic eXchange Related Process (eXRP) initiative establishes a single open standard, universal interface, or clearing gateway bringing together off exchange execution venues and clearing agents, establishing Straight Through Processing (STP) between broker screens and clearing houses.
eRR for Mandatory Reporting
A single industry standard solution for reporting of REMIT, EMIR and Dodd-Frank eligible trade data. The electronic Regulatory Reporting (eRR) solution uses a single data format (CpML) and submission mechanism for both direct reporting and for reporting through agents including brokers and CCPs.
eRR for Portfolio Reconciliation
Portfolio Reconciliation is one of the Risk Mitigation techniques under EMIR, mandatory for non-cleared OTC trades. The provision of the three main Risk Mitigation techniques required, namely timely confirmation, portfolio reconciliation and portfolio compression has been part of the EFETnet roadmap since EMIR became binding. As a part of eRR, Portfolio Reconciliation helps traders meet the regulatory responsibilities.
electronic Confirmation Matching
EFETnet’s existing electronic Confirmation Matching (eCM) service for OTC transactions, combined with its eXRP and eRR services, as well as data staging for filtering and status monitoring, provides the market with a complete industry owned market infrastructure for mitigating the impact of regulatory market change
eCM, eXRP and eRR are all delivered via EFETnet’s centralised infrastructure, the CMS, a one stop shop solution for business users offering a dashboard for electronic confirmation matching, for automated clearing registration and for regulatory transaction reporting.
These companies are already using our solutions