ECC Clearing Circular 41/2015 2015-10-30 News EMIR Trade Reporting Change of Product ID 1 for Introduction of Level 2 Validations The population of the field Product ID 1 has changed compared to the Clearing Circular No. 30 from 4 September 2015. The changes detailed in this document will become effective on the first reporting day of Level 2 Validations, which is 2 November 2015. All other information as provided in Clearing Circular No. 30 from 4 September 2015 remains valid. This information is relevant for members that use a proprietary reporting solution. Please find additional information on the following pages. Physical Settlement Financial Settlement Risk Management Information Technology Contact Clearing & Settlement Phone: +49 341 24680-444 E-mail: clearing@ecc.de
Product ID 1 As of 2 November 2015, ECC will report the Alternative Instrument Identifier (AII) in the field Product ID 1. ECC will use the Product Short Codes (e.g. F1BY) as AIIs. The Product Short Codes are published in ECC s Clearing Specifications document which can be found on the website via the following link http://www.ecc.de/ecc-en/member-section/productspecification-files. This change is due to the fact that for French venues such as Powernext, only AIIs will be accepted by our Trade Repository Regis-TR. In order to have harmonized product identifications, ECC will report the AIIs for the products of all the venues. An updated overview of the population of common data fields can be found below and is also available on the website http://www.ecc.de/ecc-en/risk-management/emir/trade-reporting. Page 2 5
Reporting of Common Data Fields with Level 2 Validations Reporting Field Field Interpretation Format Taxonomy Used I Product ID 1 ISIN Code AII = ECC Product Short Code e.g. F1BY Product ID 2 Underlying CFI code Futures: ISIN of Future Options: ISIN of Underlying Future Notional Currency 1 Currency of Contract ISO 4217 Currency Code Notional Currency 2 Deliverable Currency Trade ID Transaction Reference Number Trades: Unique Trade Identifier (UTI) Positions: Position UTI Trades: Transaction Reference Number Positions: 48 alphanumeric digits 52 alphanumeric digits 21 alphanumeric digits Venue of Execution MIC of Partner Exchange ISO 10383 Market Identifier Code Compression Price / Rate Trades: N Positions: Y Trades: Trade Price Positions: Settlement Price Price Notation Notional Currency 1 ISO 4217 Currency Code Notional Amount Price Multiplier Quantity Up-Front Payment Delivery Type Execution Timestamp Price/Rate * Price Multiplier * Quantity Volume of one contract Trades: traded number of contracts Positions: number of contracts in Net Position C = Cash or P = Physical Trades: Clearing Timestamp Positions: Clearing Timestamp Effective Date Execution Date ISO 8601 date format Termination Date Maturity Date Expiry Date of Contract 1 ISO 8601 date format Settlement Date Maturity Date ISO 8601 date format Master Agreement Type 1 For CEGH Natural Gas Month Futures and EEX NBP Natural Gas Month Futures, the Maturity Date and Settlement Date will be populated with the Last Delivery Date. Page 3 5
Master Agreement Version Confirmation Timestamp Trades: Clearing Timestamp Confirmation Means Clearing Obligation Cleared Clearing Timestamp Positions: Clearing Timestamp E = Electronically confirmed N = No Y = Yes Trades: Confirmation Timestamp CCP Intragroup Commodity Base Commodity Details Delivery Point or Zone Interconnection Point Load Type Delivery Start Date and Time Delivery End and Time Contract Capacity Quantity Unit Price Time Interval Quantities Option Type Option Style (Exercise) Strike Price Positions: Confirmation Timestamp ECC s LEI Y = Yes or N = No Futures: Options: C = Call or P = Put Futures: Options: E = European Futures: Options: Strike Price Page 4 5
CFI Construction Futures Future Type Underlying Asset Delivery Standardized Not used F = Future C = Commodity E = Extraction Resources for Coal, Natural Gas, Electricity, Environmental for Emission, GoOs A = Agriculture for Butter, Fertilizer, Hogs, Milk Powder, Piglets, Potatoes, Whey Powder S = Services for Freights for Dry Bulk Freight C = Cash P = Physical S = Standard X Options Option Type of Scheme Type Underlying Asset Delivery Standardized O = Option E = European C = Call P = Put T = Commodities P = Physical C = Cash S = Standardized Page 5 5