CloudMargin has integrated REGIS-TR within its solution to offer automated EMIR compliant swap data repository reporting of OTC derivatives to their clients.
CloudMargin, the first cloud-based risk and margin management platform has completed its integration of automated links into REGIS-TR. This will have a huge, positive impact on CloudMargin’s clients who will now be able to adhere to EMIR compliant trade reporting automatically, avoiding the need for further third party solutions or middleware.
REGIS-TR is a leading central trade repository for derivatives transactions across multiple product classes and jurisdictions. The repository collects and administers details of transactions reported by CloudMargin’s clients, to give market participants and regulators an aggregated view of positions in compliance with current and upcoming regulation.
REGIS-TR is also a registered reporting mechanism (RRM) for REMIT and for ElCom reporting and its Europea Reporting Hub will also cover FinfraG, Securities Finance Transaction Reporting and MiFID II/MiFIR in the future.
Stuart McHardy, Managing Director and Co-Founder of CloudMargin, stated: “Thanks to this collaboration between ourselves and REGIS-TR, CloudMargin clients can rely on a market-leading solution for their regulatory reporting requirements, with this automated connection alleviating the stresses clients face when struggling to stay compliant in an ever-changing regulatory landscape”.
REGIS-TR is a central trade repository for derivatives transactions across multiple product classes. It facilitates administrative tasks and helps improve the operational management of these transactions. REGIS-TR collects and administers details of derivatives transactions reported by users, giving market participants and regulators a consolidated overview of these positions. REGIS-TR complies with all regulatory proposals that have been made public to date and serves both financial and non-financial institutions. Flexible participation levels cater to the diverse profiles and needs of all participants in the derivatives market. Further information: www.regis-tr.com