TR ACCURACY PRODUCT RELEASE – 11.03.2022
March 7, 2022
We have the following features due for release on the 11th March 2022 at 1700 UK local time.
- EMIR – 3 validation amendments, 1 new MI details report, amendments to 2 ingestion formats
- MiFIR – 1 new validation, 1 MI amendment, amendments to 1 ingestion format
- ASIC – 1 new ingestion format
WHAT DO YOU NEED TO DO?
There is no action required from users.
|Ref||Product||Change||Affected feature||Client Description||Issue key|
|1||Accuracy: EMIR||Enhancement: Validation||E123 – Notional currency 2 (2.10) – FIRDs Mismatch||We are adjusting the validation to not flag if Notional Currency 2 has not been populated in FIRDS.||TRD-697|
|2||Accuracy: EMIR||Fix: Validation||E90 – Asset Class (2.2) doesn’t match Product classification (2.4)||We have resolved an issue with E90 flagging for collateral reports.||TRD-695|
|3||Accuracy: EMIR||Fix: Validation||E35 – Notional (2.20) for Futures||We are adding an exception to validation for transactions on futures where price is expressed as Yield.||TRD-664|
|4||Accuracy: EMIR||New MI||EMIR MI – Valuation and Collateral||We have added a new Detailed MI report displaying a breakdown of Collateral and Valuation reporting methodology recognition. The csv report supplements the current V+C MI.||TRD-655|
|5||Accuracy: EMIR||Ingestion||DTCC TSR format||We have updated the ingestion of Cappitech EMIR Collateral format to correctly populate Valuation Timestamp field||TRD-694|
|6||Accuracy: EMIR||Ingestion||Cappitech format||We are adjusting TR Accuracy ingestion module for Cappitech EMIR Collateral files.||TRD-684|
|7||Accuracy: MiFIR||New Validation||M121 – Net amount (35) blank for debt instruments||We are adding validation M121 – flagging the missing ‘Net Amount’ for debt products that will not be caught by ESMA/FCA validations.||TRD-699|
|8||Accuracy: MiFIR||Enhancement: MI||MiFIR MI – TVTIC||We have implemented further improvements to TV TIC MI report, based on feedback received from client.||TRD-669|
|9||Accuracy: MiFIR||Ingestion||NRR format||We have updated NRR (legacy) MIFIR format allowing for further flexibility in header names.||TRD-689|
|10||Accuracy: MiFIR||Enhancement: Validation||M55, M56, M58, M59, M60, M62, M63, M64, M66, M67, M68, M70, M71, M72, M74, M75, M77, M78, M80, M81, M168, M169, M170, M171, M172, M173, M174, M175, M176, M177, M178, M179||We have updated the validations to take into consideration different requirements for natural persons identifiers for EU and UK reporting obligation. This may affect individuals with nationality of GB and LI.||TRD-464|
|11||Accuracy: ASIC||Ingestion||Cappitech format||We have added a new ingestion format for TR Accuracy: ASIC module. The tool will now recognise Cappitech ASIC Trades, Positions and Collateral reports.||TRD-696|
Control Now Ltd, founded in 2017, is a provider of Transaction Reporting Assurance software tools to empower market participants to perform oversight of their Regulatory Reporting Processes. Control Now Ltd provide TR Accuracy (Data Quality Assurance) and TR Completeness (Reconciliations) services. Please get in touch for a Free Health Check –