18 September 2013

Trade repository selection

LCH.Clearnet Ltd and LCH.Clearnet SA (LCH.Clearnet) have selected UnaVista as trade repository to centrally collect and maintain the records of OTC & Exchange Traded derivatives that it clears in Europe following a competitive RFP process.

This is subject to UnaVista’s successful approval as Trade Repository by ESMA and finalisation and approval of Terms & Conditions between all relevant parties to the transaction.

Under EMIR all EEA counterparties to any derivative trade must report to an approved EEA trade repository at a date yet to be finalised but expected to be some time in 2014.

Representatives from each of LCH.Clearnet’s clearing services impacted by this aspect of EMIR regulation will communicate directly with members going forward.