DTCC Emir backlog “resolved”

But inter-repository matching problems still ongoing

Sandy Broderick, former CEO

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