NASDAQ OMX Clearing has published an EMIR trade reporting handbook (see link below) that details how NASDAQ OMX Clearing will construct its trade reports, to aid members that need to submit matching trade reports for their cleared trades with NASDAQ OMX.
Due to limitations and uncertainties on format validations at different Trade Repositories for some mandatory fields in the EMIR Reporting, NASDAQ OMX Clearing has been forced to implement temporary deviations to its trade reporting. The following chapters in the handbook are affected:
Chapter 6.2.9 - Quantity (Field 16):
The handbook specifies reporting quantity with decimals for various commodity products. Not all Trade Repositories will be able to accommodate quantity in decimals from 12th of February. NASDAQ OMX Clearing will initially report all quantities rounded to the nearest non-decimal value, e.g. a quantity of 0.4 or lower as 0, and a quantity of 0.5 or higher as 1, in order to avoid the whole report being rejected due to format validation by the Trade Repository.
Chapter 6.4.1 - Clearing Obligation (Field 28):
Not all Trade Repositories will be able to accommodate blank as a value, and NASDAQ OMX Clearing will therefore report NO.
Chapter 6.4.5 - Intragroup (Field 32):
Not all Trade Repositories will be able to accommodate blank as a value, and NASDAQ OMX Clearing will therefore report NO.
NASDAQ OMX Clearing will issue a new Clearing Information Notice when these temporary deviations to the Handbook are due to cease.
Please find more information on our trade reporting pages:
http://www.nasdaqomx.com/europeanclearing/news/trade-reporting-services
Reporting with NASDAQ OMX Clearing as counterpart
Members that have questions regarding the published material on aligning their trade reports with NASDAQ OMX and those that need operational assistance with mismatched reports where NASDAQ OMX Clearing is the counterparty to the trade should contact derivatives.TR@nasdaqomx.com or call + 46 8 405 6342.
NASDAQ OMX EMIR Trade Reporting Service
A Clearing Member of NASDAQ OMX markets may optionally select to delegate its trade reporting to NASDAQ OMX Broker Services, whereby NASDAQ OMX Broker Services will submit the trade reports on behalf of the member to a trade repository. Further information about this service can be obtained by sending an email to tradereporting@nasdaqomx.com.
Best regards,
NASDAQ OMX Clearing
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond average speeds, our technology drives more than 80 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to more than 3,300 listed companies worth $7 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NOS Clearing ASA is the leading clearing house for the freight market and a specialist clearing provider to the commodities markets. The company is wholly owned by the NASDAQ OMX Group Inc. The clearinghouse, which is situated in Oslo, has more than 300 members.
NASDAQ OMX Clearing AB is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
For more information, visit www.nasdaqomx.com/commodities
NASDAQ OMX's Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
This document is being directed solely at and may only be communicated to persons: (i) who have professional experience in matters relating to investments as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or, (ii) who are high net worth companies, unincorporated associations and trustees of high value trusts within Article 49(2)(a)-(d) of the FPO, or (iii) to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons