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REMIT 3rd Guidance Issued by ACER

ACER have just issued the 3rd edition of the guidance to REMIT. It can be found here.

FCA Publishes EMIR Implementation Studies

The FCA has published summaries of their studies on progress in EMIR implementation. In the study on how NFCs are measuring their Gross Notional Values to assess whether they are over the clearing thresholds, they are concluding that NFCs have the basics covered in terms of marking trades for hedging, with some further refinement required. … Continue reading

EMIR Panic Stations – Great Blog Post

Great post from Virginie O Shea of Aite about the continuing confusion around EMIR Trade Reporting.

ESMA publishes responses to consultation on the definition of third country trades having a direct impact on the European Union

ESMA have published the responses to their consultation on contracts having a direct, substantial and foreseeable effect within the Union and non-evasion of provisions of EMIR. Impendium have some high level comments here.

New Counterparty Classification Tool

ISDA and Markit have launched a new tool for counterparties to determine and record their status under EMIR. The press release can be seen here.

Good post on strike prices under EMR

There is a good post here by Angus Walker of Bircham Dyson Bell about the strike price set last week with EDF on the price of power from Hinkley. There is a great comparison chart of the different strike prices.

New EMIR Q+A with focus on LEIs

EMIR have today released a new version of their questions and answers document. Only one answer would appear to have been updated, that relating to the use of Legal Entity Identifiers (LEIs). the answer is found on page 45 of the document, and says the following: Q: What code should be used to identify counterparties … Continue reading

ISDA Guidance on Portfolio Compression

ISDA have published some guidance on how to run a portfolio compression process. They have published three documents: A descriptive outline on the process A matrix showing products that ISDA feel can be compressed A slide showing the overall process This overview is rather basic, and is not all that useful for those who practically … Continue reading

CpML 5.0 launched

The release of CpML version 5 was announced at ETOT today. the management of CpML was recently separated from EFET and is now run by an independent entity, overseen by the CIO forum, which appears to be going strong. It is now anticipated that vendors and services will start to use CpML as a standard. … Continue reading

Trioptima’s latest compression cycle

See here for a press release about TriOptima’s latest completed compression cycle, which closed out a significant number of energy forwards and swaps.