Traiana, Dion Global Solutions and Confisio Managed Services have pulled together to develop a trade reporting service for forthcoming collateral and valuation requirements.
The service will allow the automated generation and submission of the relevant reports and submit them to one of Europe’s six trade repositories in order to comply with new regulations.
The requirement for collateral and valuation reporting comes into force on August 11, even as firms still get to grips with the initial trade reporting mandates.
The rules under the European market infrastructure regulation (EMIR) are aiming at bringing more transparency to the markets through the reporting of all exchange-traded and OTC derivatives.
“In the current climate it is important that firms can seamlessly outsource their EMIR trade valuation reporting requirements, and our cross-asset portfolio risk valuation solution, dfferentia, helps them to do just that,” said Ralph Horne, CEO, Dion Global Solutions.
“This partnership allows financial institutions to focus on their core business and operate more effectively without the ongoing investment in, and maintenance of, legacy proprietary systems.”