Friday November 1 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Link: http://www.trioptima.co.uk/uploading_images/pdf/2013-10-31%20UTI%20Pairing%20Functionality.pdf
TriOptima has announced that it has launched a UTI (Unique Trade ID) pairing functionality to assist firms preparing for the EMIR effective February 2014. The service accommodates paper-confirmed trades and foreign exchange (FX) trades without a common match ID.
EMIR trade reporting rules require that trades outstanding during the specified period before the effective date be reported to a trade repository. In order to achieve this backloading, firms must agree UTIs for those trades. TriOptima’s new service enables firms using triResolve to assign a UTI to paper-confirmed OTC derivative trades and FX trades lacking a common match ID.
Click on the above link for more details.