VPPA & CfD EMIR Reporting
End to end EMIR reporting for financially settled energy contracts (VPPA, CfD) & Trade Repository Management.
Many contracts entered into between medium and large entities and their counterparties, such as asset owners, are classified as “derivatives” and must therefore be reported under the EMIR ruleset (EU or UK) by the end of the working day following the contract being struck.
Reporting such contracts requires significant setup, especially if the counterparty wishes it to also be reported on their behalf.
Reporting Avenue takes on the entire process, setting up the accounts as required, reading through the contracts (which can be lengthy) to identify reporting data and carrying out all reporting.
Setup
LEI Creation (optional).
Setup account at Trade Repository (TR).
Data Field Extraction
Take contract, interpret and extract reportable fields
Report Submission
Report on your behalf and for your counterparty if required and ensure submissions are correctly received
Trade Lifecycle, Reporting & Maintenance
Updates as received, interface with TR
What we do
Contract Data Extraction & Submission
Legal Entity Identifier (LEI) Creation
A Legal Entity Identifier (LEI) is a 20 digit code that is unique to a legal entity and provides basic information about the entity such as name, address and entity type e.g Limited Company.
We can liaise with the authorities to create this identifier on your behalf if it is not already set up.
Self & Delegated Reporting
While both parties to the transaction must report, one often reports on behalf of the other. We can either do self or delegated reporting.
We will trawl through your contract to extract the relevant data that is required to be mapped to each field.
Trade Repository (TR) Account Creation and Maintenance
Trade Repositories are centrally stored online data stores that collect and maintain data and records. This is where the regulatory authorities can access, view and review your reporting.
As part of your submission, we will create and manage your account on your behalf, including keeping it up to date with any life cycle events that may occur for the duration of the contract.
Combined experience of over 70 years in various roles in the Energy Sector
Get in Touch
If you need our services then dont hesitate to contact us. We will reply as soon as we can.