ISDA Responds to ESMA’s Updated Validation Rules for EMIR Refit

On May 6, 2022, ISDA responded to the European Securities and Markets Authority’s (ESMA) request for feedback on its updated draft validation rules and reconciliation tolerances for a new set of reportable details under the European Market Infrastructure Regulation (EMIR) Refit. The changes made by ESMA were based on responses to the EMIR reporting guidance consultation paper, which ISDA responded to on October 5, 2021. In its response, ISDA highlights its support for the broad changes that ESMA has proposed.

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Documents (1) for ISDA Responds to ESMA’s Updated Validation Rules for EMIR Refit

Launch of US Treasury Repo Market Indicators

ISDA has launched the ISDA-Actrix US Treasury Repo Market Clearing Indicators in collaboration with Actrix. The indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation...

ISDA-Actrix US Treasury Clearing Indicators

This report provides indicators that illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, the key objective of the Securities and Exchange Commission's...

US Treasury Repo Market Indicators Methodology

This paper is intended for market participants interested in the structure and methodology used to construct the ISDA-Actrix US Treasury Repo Market Clearing Indicators. It provides precise details allowing participants to access the publicly available data and replicate the calculations...