Treamo @ EuroFinance Budapest
We will speak about EMIR and its impact on corporate treasuries at the EuroFinance conference in Budapest - http://www.eurofinance.com/
TFM / A new Austrian client ...
.. supplier to the car and aircraft industry, has decided to use TFM for cash position reporting and cash flow forecasting.
Can 65 satisfied EMIRate-clients be wrong?
We don't think so.
New Austrian client ...
Another Austrian company has decided to work with us on their forex risk management.
EMIR - smooth start with EMIRate
All our clients started with EMIRate this week, and they started smoothly (dispite some repository hick-ups).
EMIR / Backloading / Update
There was some obviously wrong consensus amongst market participants and even some National Competent Authorities as to when to report historical derivative contracts, which are live on February 12, 2014 and which were entered into on or after August 16, 2012. It was believed to report such trades also with a 90 days grace period.
However, according to an articel in risk magazine, a spokesman from ESMA did not confirm this "90-days" rule for historical trades which were concluded on/after August 16, 2012 and are are still live on February 12, 2014. It was said that those trades must be reported already on February 12, 2014.
For details regarding the backloading of trades, find more in our “facts” section on emir-ate.com
EU-Commission: Start of SEPA postponed by six months
The EU-Commission announced today that the start of SEPA will be postponed by six months.
Our EMIRate client list ...
... is online http://www.emir-ate.com/clients.html - and it grows daily ...
ESMA appoints two more repositories
ESMA has appointed two more repositories
- ICE Trade Vault Europe Ltd (ICE TVEL), based in the United Kingdom; and
- CME Trade Repository Ltd (CME TR), based in the United Kingdom.
Tweet from the EMIRate sales desk ...
Only 50 working days until the start of the reporting obilgation. So far 15+ corporates decided to use EMIRate, 70+ leads and prospects in the pipeline. From Austria, Belgium, Denmark, Finland, Germany, Greece, Irleand, Luxembourg, Netherlands, Norway, Sweden, Switzerland, and finally - 'twelve points' - UK.
New TFM client / Austria
We almost forgot due to the EMIRate frenzy. But another company, this time from Austria, has decided to use TFM for their group-wide cash reporting and cash flow forecasting.
EMIR training in London is full.
EMIR training in London is full, waiting list available - http://eurofinance.com/training/emir
ESMA appoints four repositories, reporting to start on February 12, 2014
ESMA today appointed four Trade Repositories.
- DTCC Derivatives Repository Ltd. (DDRL), based in the United Kingdom;
- Krajowy Depozyt Papierów Wartosciowych S.A. (KDPW), based in Poland;
- Regis-TR S.A., based in Luxembourg; and
- UnaVista Ltd, based in the United Kingdom.
The reporting obligation will start on February 12, 2014.
November 21 - we will speak at a EuroFinance training ...
Martin Sadleder will speak about EMIR and its implications for corporates at a EuroFinance training on November 21, 2013. This event is free of charge and open to corporate treasury and finance professionals only. To apply for a place, please email firstname.lastname@example.org. Places are limited and will be allocated on a first come, first served basis.
EMIRate - New pricing for corporates with less than 500 trades per year
We have added a new pricing scheme for corporates with less than 500 trades per year. The monthly 'all in' fee will be EUR 400.00.