Global Reporting Company (GRC) has announced a partnership with Regis-TR, in order to provide European Market Infrastructure Regulation (Emir) reporting services ahead of the February 12 deadline.
GRC is backed by the Global Markets Exchange Group (Gmex), whereas Regis-TR is owned by Deutsche Borse's Clearstream and Iberclear. The service will allow corporate and buy-side clients to utilize Regis-TR's third-party reporting model, which will enable them to continue to use multiple prime brokers, with the underlying GRC platform being provided by Gmex. The Emir deadline requires all over-the-counter derivatives transactions to be reported to a trade repository such as Regis-TR from that date onwards.
"Corporate and buy-side firms can now benefit from meeting the mandatory regulatory reporting deadline through use of our easily accessible centralised solution for over-the-counter and listed derivative transactions connected into the market leading Regis-TR trade repository," says Hirander Misra, CEO at Gmex, and director and co-founder of GRC.
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