The German Federal Financial Supervisory Authority (BaFin) has published details of the reporting obligations under EMIR that requires that counterparties and central counterparties must use a trade repository when engaging in derivative transactions.
The expert article details:
· Parties subject to the reporting obligation;
· Information on collateralisation and value;
· Identification; and
· Reporting start date confirming this is 12 February.
© Finextra Research 2014