Commerzbank Taps Regis-TR for Trade Reporting

German Commerzbank has chosen REGIS-TR as its trade reporting service provider ahead of the EMIR deadline.

Commerzbank, has selected European trade repository Regis-TR to ensure its trade reporting service is in line with the European Market Infrastructure Regulation (EMIR) obligation to report over-the-counter and listed derivative transactions.

Owned by Bolsas y Mercados Españoles and the Deutsche Börse Group, Regis-TR will support Commerzbank's EMIR reporting requirements ahead of the February 12, 2014 deadline.

"Clients we are reporting on behalf of can now benefit from a de-risking of the reporting deadline and a very convenient reporting solution for over-the-counter and listed derivative transactions," says Steve Sheffield, head of projects for the chief administration office at Commerzbank Corporates and Markets. "At the same time, Commerzbank receives an excellent level of architectural and process flexibility to cover its wide range of reporting requirements as well as being cost effective."

Commerzbank joins 800 firms that have already subscribed to Regis-TR.

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