EMIR back loading deadline today

Today saw the deadline for back-loading all trades that were live on February 12th, three months ago. Reports are coming on that several of the repositories have struggled to cope with the volumes due to last minute uploads.

The back-loading deadline for trades that were no longer live on February 12th, but which were live on 16th August 2012 is not until 2017. It will be interesting to see if this deadline still is enforced, given that any systemic risk that arose from those trades will no longer be applicable by then.

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