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Esma registers two trade repositories
29 November 2013
ICE Trade Vault Europe, CME Trade Repository can be used to fulfil trade reporting obligations
CME Trade Repository
The European Securities and Markets Authority (Esma) has
approved the registrations of two further trade repositories
(TRs) under the European Market Infrastructure Regulation or
Emir - ICE Trade Vault Europe (ICE TVEL) and CME Trade
Repository (CME TR), both based in the UK.
The registration of these two TRs means that they can be used
by the counterparties to a derivative transaction to fulfil
their trade reporting obligations under Emir. The registrations
will take effect on December 5 2013.
Following the registration of a first group of TRs on November
7 (which became effective on November 14) the reporting
obligation start date for all asset classes is February 12
There are now six TRs registered in the EU, which can be used
for trade reporting. Esma registered DDRL, Regis-TR, UnaVista
and KDPW on 7 November and it has not received any further
application for registration.
In June 2012, ICE Trade Vault US became the first swap data
repository in the US to receive provisional regulatory approval
from the Commodity Futures Trading Commission. Since its
inception, ICE Trade Vault US has accepted more than 17 million
"Since the development of ICE Trade Vault, our goal is to offer
a global trade repository solution and the approval by Esma
advances that vision," said Bruce Tupper, president of ICE
Trade Vault. "We look forward to serving customers with an
efficient and effective offering that satisfies their global
regulatory and compliance demands."
Global Investor/ISF reported recently that
Esma had approved UK-based repository DTCC and