Reporting has been a regulatory hot topic in treasury for a number of years now. New reporting requirements have been introduced and made mandatory, including the European Market Infrastructure Regulation (EMIR), which enforces reporting, central clearing, and risk management processes for all Over-the-counter (OTC) derivative trades with EU-based counterparties, and the Financial Markets Infrastructure Act (FMIA) that regulates derivative trading in Switzerland. Both have significantly upped the compliance pressure on corporates and rendered manual derivative reporting processes inadequate.
Integration and automation are the name of the game: with BELLIN’s EMIR Service and FMIA Service, you have some of your most important compliance bases covered!
Report your derivative trades directly from tm5 to the trade repository REGIS-TR without having to open your own REGIS-TR account! In the system, reports for all deals with banks as well as group companies are automatically created and transmitted. This is where BELLIN’s Load Balanced Treasury approach comes in handy: with tm5, you have all your group companies integrated on one platform. No need to tediously collect data to generate central reports – it’s all in the system! Use derivative contracts to optimize your trade finance portfolio without having to worry about regulation. BELLIN’s EMIR Service makes you fully compliant!
FMIA represents the Swiss EMIR equivalent and regulates the trading of derivatives on trading venues as well as bilateral transactions. The first FMIA phase of a step-by-step introduction of reporting took effect on October 1, 2017, and as of January 1, 2019, this reporting obligation will be extended to NFC-s and become fully mandatory. Off to new shores but not uncharted territory for BELLIN: as for EMIR, BELLIN offers fully integrated FMIA reporting directly in tm5. You benefit from a straightforward FMIA functionality directly in your treasury management system and unbeatable pricing, without the administrative effort of opening and maintaining your own REGIS-TR account. With BELLIN’s FMIA Service, you are all covered!