Calypso Adds Interface to DTCC for EMIR Reporting

Calypso Technology has released an interface for DTCC’s Global Trade Repository service (GTR) for European Markets Infrastructure Regulation (EMIR) reporting.
By Jake Safane(2147484770)
Calypso Technology has released an interface for DTCC’s Global Trade Repository service (GTR) for European Markets Infrastructure Regulation (EMIR) reporting.

The partnership comes in advance of the February 12 deadline for EMIR trade repository (TR) reporting for all derivative asset classes. GTR is one of the six TRs approved by the European Securities Markets Association (ESMA).

The Calypso product is an extension of its OTC Clearing Solution for CCPs, clearing members and derivatives end users, of which the services include trade capture and lifecycle processing. The module also builds on a similar solution Calypso delivered for GTR for Dodd-Frank reporting on OTC derivatives from 2012. Key features of the current solution include intraday reporting of new trades, reporting of lifecycle events and price valuation.

“Calypso is helping our customers adapt to the dynamic requirements governing OTC derivatives today across diverse geographies and markets,” says Charles Marston, chairman and CEO of Calypso. “We are delighted to be working with market leaders such as the DTCC to bring industry standard services to our customers in a seamless manner.”

“DTCC is committed to helping establish a robust, comprehensive reporting infrastructure for the derivatives market globally. We work with innovative third party service providers like Calypso to build connectivity to our repository services, helping our mutual clients meet regulatory mandates in Europe and globally,” says Stewart Macbeth, CEO, DTCC Derivatives Repository Limited.

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