Just 3% of some futures reports can be matched – DTCC

Missing and conflicting trade identifiers plague Europe's reporting regime

sandy-broderick
Sandy Broderick, DTCC Deriv/Serv

Ongoing problems with the tagging of trades and counterparties mean less than a third of over-the-counter derivatives transaction reports can be validated under Europe's four-month-old reporting regime, and just 3% of exchange-traded derivatives reports, according to one trade repository chief executive. The European Market Infrastructure Regulation (Emir) requires all derivatives users to obtain a legal entity identifier (LEI) – a unique, alphanumeric code that identifies each counterp