Trésorier/Treasurer magazine - N°93 - Apr/May/Jun 2016 - (Page 35)

The award shows an awareness of our work and acknowledges its accomplishments. Since European derivatives reporting mandates were introduced in February 2014, we have led and vigorously participated in efforts to deliver on the mandates, working in close collaboration with clients, regulators and the wider community. Our global Trade Repository in Europe has become the largest trade repository in Europe, with a significant market share of both the overall volume and value of derivatives contracts. In giving this award, the judging panel recognized the complexity of this initiative as well as GTR's pivotal role in delivering greater transparency in the global derivatives markets. Two subsequent phases of the EMIR mandate shift the emphasis from ensuring that data is being reported to trade repositories, to ensuring the completeness and quality of that data. In both cases, our European clients experienced a smooth implementation of the process, despite the size of transactions reported. More than 170 millions messages were processed by the European Trade Repository in one week. - APR CEO of DTCC's European Trade Repository "Our teams engaged with clients to ensure their organisations understood what data validation rules meant for them and we shared our future plans with them," Douglas said. "DTCC created an environment whereby around 500 clients tested their systems ahead of the deadline." We have also sought to collaborate with the wider industry to ensure it is offering complimentary services to our clients. As a case in point, we are working with the London Stock Exchange Group to provide our clients with a reporting solution for Markets in Financial Instruments Regulation (MiFIR), ensuring that clients can meet both EMIR and MiFIR reporting requirements through a single infrastructure. "This is part of a big focus on reducing the cost of compliance for our clients, avoiding unnecessary duplication and simplifying the costs of meeting different reporting mandates," Douglas said. N°93 Andrew Douglas, CEO of DTCC's European Trade Repository, notes that significant progress has been made since the introduction of Phase I of the European Markets Infrastructure Regulation (EMIR) reporting mandate. "We have been working with our clients on a collaborative basis rather than simply just engaging them in a transactional relationship. This has enabled us to involve our clients in the early stages of product development, resulting in a number of enhancements, such as a new client portal, which we will launch this year." Andrew Douglas - DTCC's European Trade Repository team ended the year on a high note, when it was awarded European Trade Repository of the Year 2015 by Futures & Options World (FOW), the leading news and data service for the international futures and options industry. DTCC LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE European Trade Repository of the Year / MAY / JUNE 2016 FORUM 35

Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°93 - Apr/May/Jun 2016

Cover
Table of contents
EDITORIAL
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW David Blair - How should we set up an efficient KYC Process?
FOCUS
IFRS 9: Hedging - Treasurers will love it
From 17 to 16 reLEASE of the new LEASE accounting standard
Block chain - Is this buzz word turning into a reality?
Bank Single Gateway, the Plumbing of Bank Connectivity
FORUM
Geopolitical threats for the year ahead
Treasurers proceed with caution
Des difficultés en série pour les nouveaux entrants
Easing the Burden - Is a global KYC standard needed?
European trade repository of the year
La dette senior Européenne, un regard nouveau sur l'obligataire
CORPORATE FINANCE
Stay connected with cloud treasury technology
From stone age to straight through processing
Differentiators for treasury management systems
Complete securities financing solutions for corporates
A full and balanced "meal" for your retirement?
15 MINUTES WITH FinMetrics
THE FINANCIAL RISK OBSERVATORY
NEWS
LIFE BEYOND NUMBERS

Trésorier/Treasurer magazine - N°93 - Apr/May/Jun 2016