EMIR is a European rule that applies to all people and businesses in the EU involved in trading financial contracts known as derivatives. It focuses mainly on over-the-counter (OTC) derivatives, which are traded directly between parties, but also includes derivatives traded on exchanges.
Both OTC and exchange-traded derivatives need to be reported to a Trade Repository (TR), a database for tracking trades. This helps regulators see how derivatives are used and understand financial markets better. ABN AMRO uses a service called Univista TRADEcho B.V. for reporting.
Non-Financial Counterparties below the Clearing Threshold (NFC-):
ABN AMRO reports for both parties. If clients want to report themselves, they need to fill out a form.All Other Counterparties:
They must report themselves but can choose to let ABN AMRO handle it. If they do, they need to sign an agreement. The original party must ensure the report is correct.Legal Entity Identifier (LEI):
A unique code for identifying businesses in transactions.Unique Trade Identifier (UTI):
A code for each new transaction to help match reports between parties. ABN AMRO provides these codes in transaction confirmations.For more information or to change reporting preferences, clients can contact ABN AMRO by mail or email.
Postal address:
ABN AMRO Bank N.V.
c/o Client Service Group Markets Operations
PAC: HQ8045
Gustav Mahlerlaan 10
1082 PP Amsterdam Nederland
