SunGard and REGIS-TR Streamline EMIR Reporting for Corporate Treasurers


SunGard and REGIS-TR, the European trade repository owned by Clearstream (Deutsche Börse Group) and Iberclear (BME), collaborated to help SunGard’s AvantGard Treasury customers meet their reporting obligation for over the counter (OTC) derivatives under the European Market Infrastructure Regulation (EMIR) when reporting started on February 12, 2014.

The EMIR reporting solution helps companies report all new trades, modifications, and early terminations of their OTC derivatives from their SunGard AvantGard treasury management system to a trade repository. The solution currently supports two-way connectivity for FX and Interest rate transactions with REGIS-TR, enabling companies to send their reports and receive and process confirmations directly from the SunGard Treasury solution. With this streamlined approach, companies can manage the whole process over the life of reported transactions.

Nicolas Boatwright, managing director of REGIS-TR said REGIS-TR has a range of participant and connectivity options, helping customers to remove the administrative burden of meeting their EMIR trade reporting obligations to the greatest extent possible. We have a diverse customer base and tailor our offering accordingly as we recognise that our corporate treasury participants will not necessarily need the exact same solution as, for example, a pan-European Clearing House or Universal Bank. Our connection to SunGard’s AvantGard Treasury solution offers our corporate treasury participants a highly efficient third party reporting option for making their reporting obligation less onerous.

We expect to continue to see many regulatory and accounting changes and therefore required a partner that would continuously invest to deliver functionality to meet the changing requirements. EMIR is that perfect example; where SunGard delivered an on-time solution, enabling us to report both sides of transactions, directly to REGIS-TR from our treasury management system, said Fergal O’Mongain, senior vice president of treasury, De Lage Landen International.

Many of our treasury customers needed to meet the February 12, 2014 deadline for EMIR (European Market Infrastructure Regulation) and we are proud to say that we helped them meet that deadline. SunGard aims to deliver solutions to our customers that help them navigate through their day-to-day operations as well as the ever-changing economic and regulatory environments.  Our reporting solution coupled with our relationship with REGIS-TR is helping our customers comply with the latest regulatory obligation, EMIR. said Paul Bramwell, senior vice president of treasury solutions, SunGard’s Corporate Liquidity business.

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