Training Objectives

The seminar has been designed to equip participants with a thorough comprehension of the revised reporting requirements and their implications on their operations. The objective is to ensure compliance with the latest regulatory framework and help participates prepare for the upcoming changes.

Specifically, by the end of the programme, participants will:

• Understand the Requisite Risk Mitigation Techniques for OTC derivatives.
• Learn how EMIR requirements are met under ISDA Master Agreement Who’s subject to EMIR
• Learn which Derivative Asset classes are subject to clearing, the role of CCPs, Active Account requirements, the requirements for Initial Margin Models vs Margin RTS
• Understand EMIR reporting Elements, Dual Sided Reporting (Pairing and Matching), UPI walkthrough, Position Reporting, Action and Event Type combinations. Walk through worked reporting examples for Total Return Swaps, FX forwards, Equity Options, OTC Equity Options, CFDs, FX Swaps, Equity futures.
• Learn when an Errors and Omissions notification to their Authorities is triggered.
• Learn the Importance of End of Day Reports issued by Trade Repositories.

Training Outline

• What is a derivative, an OTC Derivative, when is EMIR triggered, Financial vs. Non-Financial Counterparties.
• Risk Mitigation Techniques (RMTs) for OTC derivatives.
• Clearing Thresholds, Active Account with an EU Authorised CCP.
• Collateral requirements under the Margin RTS vs Initial Margin Models mandated under EMIR 3.
• RMTs in practice under ISDA Master Agreement
• EMIR reporting: Meaning of T+1, Pairing and Matching of dual sided reports, Voluntary vs Mandatory reporting delegation
• EMIR reporting data: Position vs Transaction level reporting, Action Event Type Combinations, ISIN or UPI or none, a walkthrough on how to identify correct UPIs.
• EMIR reporting: worked examples
• EMIR reporting: Errors and Omissions notification thresholds.
• Conclusion and Q&A

Who Should Attend

The course will benefit anyone involved in preparing for EMIR-REFIT and is primarily aimed at compliance, operations and Risk Management staff.

It would be beneficial for attendees to have a foundational understanding of the EMIR framework.

Training Style

The programme will be an engaging and with a practical lecture that walks participants through the new reporting obligations and explores the significant changes to the reporting requirements.

The programme will delve into the impact of the revised rules on financial counterparties, small financial counterparties and non-financial counterparties, offering practical examples to facilitate your understanding. This interactive session will provide participants with valuable insights to ensure you stay ahead of EMIR’s reporting requirements.

CPD Recognition

This programme may be approved for up to 5 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.