Confisio, Dion and Traiana Debut Collateral Valuation Service
The European Market Infrastructure Regulation (EMIR) is mandating that firms above the clearing threshold report daily mark-to-market positions and collateral values to trade repositories (TRs) from August 11, following on from general derivative transaction reporting obligations that came into force in February.
The new service is an automated reporting solution for clients reporting to UnaVista and other TRs. It will be available across asset classes for exchange-traded and over-the-counter derivatives.
"We look forward to working with Confisio and Traiana on this new market initiative. In the current climate it is important that firms can seamlessly outsource their EMIR trade valuation reporting requirements, and our cross-asset portfolio risk valuation solution, dfferentia, helps them to do just that," says Ralph Horne, CEO at Dion Global Solutions. "This partnership allows financial institutions to focus on their core business and operate more effectively without the ongoing investment in, and maintenance of, legacy proprietary systems."
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