DTCC Emir backlog “resolved”
But inter-repository matching problems still ongoing
All problems with the Depository Trust & Clearing Corporation's (DTCC's) trade repository onboarding process have been "fully resolved", according to a spokesperson for the firm.
The DTCC says it has now eradicated the backlog of derivatives reports it had to process under the European Market Infrastructure Regulation (Emir), a queue that had built up before the deadline on February 12 for both counterparties to a derivatives transaction to report the trade to one of the six trade repositories
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