Canadian Regulator Extends Key Trade Reporting Deadlines Into 2015

Following a rather uneven passing of the EMIR trade-reporting deadline earlier this year, the Canadian Securities Administrators (CSA) has announced that it will extend key commencement dates for OTC derivatives trade reporting for market participants and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term agencies, according to a CSA statement.

Large OTC Volumes Across Asset Classes Necessitates Extensions

Indeed, the Canadian regulatory body will begin enforcement on October 31, 2014 for all clearing agencies and qualified dealers in over-the-counter (OTC) derivatives trades. In addition, all remaining market participants of these instruments will Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term to an extension of June 30, 2015 – this initiative should effectively curb the most prevalent issue at the present, i.e. an overabundance of volumes across OTC derivatives.

Currently, no single trade repository can effectively deal with or accept OTC derivatives of varying asset classes, consistent with Canadian regulations. According to the CSA, “This extension will provide additional time for trade repositories currently engaged in the designation or recognition process to accept market participants onto their systems and develop the reporting infrastructure necessary to comply with provincial trade reporting rules. Staff in Ontario, Quebec, and Manitoba will be recommending amendments to Rule 91-507: Trade Repositories and Derivatives Data Reporting, to reflect the extension of the trade reporting obligation.”