Customers Begin Testing Swift Services for EMIR Reporting
Customers, including Belgium's Belfius Bank, have begun testing the two methods that messaging services provider Swift has developed for the reporting of trade information required by the European Market Infrastructure Regulation (EMIR) from 12 February.
Swift's FileAct messaging service can be used to send the mandatory trade data to the Depository Trust and Clearing Corporation, UnaVista and REGIS-TR trade repositories. Market participants that choose this option will collect the trade data
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