Trade Repositories

The Trade Repositories (TRs) are licensed companies that centrally collect and maintain the records of derivatives. Once registered, the TR is supervised by ESMA in order to ensure that it complies on an on-going basis with all EMIR requirements, thereby enabling regulators to access to data and details of derivative contracts in order for them to fulfil their respective missions. The companies can choose one of the TRs to which the trades will be reported on a daily basis. One company can use more than one TR for EMIR reporting however this is not cost effective approach.

The following trade repositories have been registered by ESMA:

Trade
Repository
Derivative
asset class
Currency of the
fee structure
Effective date
DTCC Derivatives
Repository Ltd. (DDRL)
All asset classesEUR14/11/2013
Krajowy Depozyt Papierów
Wartosciowych S.A (KDPW)
All asset classesPoland,
fees in PLN
14/11/2013
Regis-TR S.A.All asset classesEUR14/11/2013
UnaVista Ltd.All asset classesEUR14/11/2013
CME Trade Repository Ltd.
(CME TR)
All asset classesN/Ade-registered on 01/01/2021
ICE Trade Vault Europe Ltd.(ICE TVEL)Commodities,
credit, equities,
interest rates. FX (since 4 June 2015)
N/Ade-registered on 01/01/2021
Bloomberg Trade Repository LimitedESMA has withdrawn the registration of BTR. The withdrawal becomes effective by 1 March 2019. N/Ade-registered on 01/09/2019
NEX Abide Trade Repository ABCommodities, credit, foreign exchange, equities and interest ratesN/Ade-registered on 31/07/2020

Every TR has a different fee structure that consist of the following elements:

  • Fee per annum;
  • Fees per trade on the basis of the number of the reported trades with different lower bands and upper bands;
  • Max caps, i.e. maximum fees on the basis of the number of the reported trades;
  • Maintenance fee is applied by some of the TRs;
  • Additional consultancy fees are applied only by one of the TRs.

Only 4 out of 8 trade repositories are currently available.

For more information please go to our Solutions page or fill in the contact form at the right side of this page.