European Market Infrastructure Regulation (EMIR)

Transcription

1 European Market Infrastructure Regulation (EMIR) User Guide Post Trade Portal: HSBC EMIR Delegated Reporting Service August 2016 Published: August

2 Disclaimer This document is issued by HSBC Bank plc ( HSBC ). HSBC Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Registration Number ). This document is for information purposes onl y and does not constitute or form any part of (i) any invitation or inducement to engage in investment activity, or (ii) any offer, solicitation or invitation by HSBC or any of the HSBC Group for the sale or purchase of any products, services and/or any investments. HSBC provides this document to the recipient on an as is basis and except as provided herein, does not warrant that the contents of this document is accurate, sufficient or relevant for the recipient s purposes. HSBC may have obtained information in this document from sources including from third party suppliers, it believes to be reliable but which have not been independently verified. In relation to information on products and/or services supplied by a third party supplier, the recipient shou ld obtain further information on these products and/or services directly from the supplier. Please note that this document may contain hypertext links to websites operated by other members of the HSBC group and third parties respectively. In relation to hypertext links to websites operated by members of the HSBC group, please read the terms and conditions of the linked website. In relation to hypertext links to websites operated by third parties, please note that: (1) the recipient should read the terms and conditions of the website; and (2) HSBC does not have any control whatsoever over these websites and shall not be liable for the recipient s use of them. HSBC will use its reasonable endeavors to ensure that the contents of this document are current at the date of its first publication. HSBC gives no undertaking and is under no obligation to provide the recipient with access to any additional information or to update all or any part of the contents of this document or to correct any inaccuracies in it which may become apparent. HSBC is not responsible for providing the recipient with any legal, tax or other advice regarding the contents of this document and the recipient should make its own arrangements in respect of this accordingly. This document has not been prepared to address the specific requirements or objectives of any particular client. The recipient is solely responsible for making its own independent appraisal of an investigation into the products, services and other content referred to in this document. This document should be kept confidential and shall be used for internal business purposes only by the recipient to whom it is provided and its officers, employees and agents. This document should be read in its entirety and shall not be photocopied, reproduced, distributed or disclosed in whole or in part to any other person without the prior written consent of the relevant HSBC Group member. This document is proprietary to HSBC and the recipient agrees on request to return or, if requested, to destroy this document and all other materials received relating to the information contained herein. Except in the case of fraudulent misrepresentation and/or breach of these terms, no liability is accepted whatsoever by HSBC and the HSBC Group for any direct, indirect or consequential loss arising from the use of this document. Please contact your local HSBC representative for further information on the availability of products and/or services discussed herein in your region. Copyright. HSBC Bank plc 2016 ALL RIGHTS RESERVED. Published: August 2016

3 l Contents Disclaimer... i Logging on... 1 Your default view... 3 Post Trade Portal Default view... 3 Trade reporting blotter... 4 Trades requiring attention... 5 Other activity... 5 Counterparty selection... 5 Features... 6 Trade submission... 7 Submit all trades by selecting the Submit all... 7 Submitting trades individually or in multiples... 7 Editing your submissions... 8 Disagreeing with a trade... 8 Blotter functionality... 9 Individual Trade details... 9 Viewing DTCC data... 9 The Search function... 9 Additional features Personalise your view Viewing your trade valuations Editing your trade valuation General Logging out Technical specifications Contact us Published: August 2016

4 Logging on 1. The HSBC EMIR Delegated Reporting Service Post Trade Portal is accessed via 2. You should already have an HSBCnet username and memorable answer (which you set up when you registered). If you do not, please register here (When registering please remember to choose Global Markets as your HSBC bank business unit and Delegated Reporting as your contact). 3. To login choose the red Log on / Register box in the top right hand corner of the page, enter your username and then select Log on Logging on to HSBCnet 4. Enter your memorable answer and / or your password if you have one. Enter your Security Credentials 5. Select Continue to proceed. Published: August

5 6. Select Go to launch the service. 7. If you do not see the Post Trade Portal as soon as you log on, navigate to the FX tab and access it under the evolvefx link. FX tab with evolvefx link 8. Some browsers when loading the data or during refresh will display the dialogue script runner. If this happens select No to continue. Published: August

6 Your default view Post Trade Portal Default view Your default view of the Post Trade Portal looks similar to the image below: Post Trade Port Default View Published: August

7 Trade reporting blotter 1. When logged in, the trade reporting blotter opens with All counterparties selected and Trades requiring attention highlighted. Trade reporting blotter 2. Trades appear under their Product tab (e.g. FX, Equities) with your counterparty data displayed in the first five columns (see Section 3 Editing your submissions). Trade reporting blotter - tabs 3. The Filters (e.g. Ready for Submission, Submitted) in combination with the Product tabs control what is displayed on the blotter. Trade reporting blotter filters Published: August

8 Trades requiring attention 1. Action Required contains trades that are missing data and will need action from you to make the trade compliant. 2. Ready for Submission contains trades that have all the required information to be reported to the Trade Repository. 3. Submission Failed contains trades that have received an error message from the Trade Repository informing you that the trade report has not been successfully submitted. Trades in this category will need action from you to make the trade compliant. (Trades that have not been successfully submitted to the Trade Repository receive a NACK message this is a negative acknowledgement from the Trade Repository that indicates an error in a particular data field.) Trade Reporting Blotter Other activity 4. Submitted contains all trades that have been successfully reported including matured trades (Matured trades can be viewed for a minimum of 28 days). 5. HSBC Pending contains trades that have received an error message from the Trade Repository informing you that the trade report has not been successfully submitted. Trades in this category will need action from HSBC to make the trade compliant. Counterparty selection 6. If you have more than one counterparty, select the down arrow to change your view. Published: August

9 Features The blotter displays all trades contained within a specific asset class. To change the view you can select another asset class. 7. The view within an asset class can be further refined if you choose the down arrow and select the product you require. Asset Class View Published: August

10 Trade submission You can elect to submit trades at any time, however trades that are Ready for Submission will be automatically submitted at 6pm (UK time) on T+1. For compliance reasons any trades that are in Action Required or Submission Failed will need their data corrected before the 6pm deadline. You can choose the cell you wish to change to edit it. Once corrected, the trade will move to Ready for Submission. The system allows users to submit trades individually or in multiples. Submit all trades by selecting the Submit all Select the Submit all button to submit all trades. Note:- Performing this action will submit all trades including those that may not be in your current view Submit all trades Submitting trades individually or in multiples To submit trades individually or in multiples: Highlight the row by ticking the box on the left hand side You can either right click on Submit Selected Trade(s) OR choose Submit Selected Trade(s) at the top of the blotter panel Submit trades individually or in multiples Published: August

11 Editing your submissions Within individual trades you can edit the first five data fields (even if the data is pre -populated by HSBC): Broker ID type (optional field for all EMIR classifications i.e. FC, NFC+ and NFC-) Broker value (optional field for all EMIR classifications i.e. FC, NFC+ and NFC-) Beneficiary ID type (mandatory field for all EMIR classifications i.e. FC, NFC+ and NFC -) Beneficiary value (mandatory field for all EMIR classifications i.e. FC, NFC+ and NFC-) Tsy / Comm (Mandatory field for NFC+ and NFC-, not applicable to FC s) Edits are either in the form of a drop-down menu, or free format text depending on the field you select. Once you have completed the task you can submit your trade(s). The first five data fields can be edited in any status i.e. Action Required, Ready for Submission etc. You are also able to edit these five data values for trades that have already been submitted. This will generate a warning prompt notifying you that you are about to amend a trade that has already been submitted. Disagreeing with a trade If you disagree with the details of a particular trade, or do not recognise a trade, you can raise a query: Select the trade, right-click on it and select Disagree Trade This generates an template The recipient and subject fields are pre-populated Enter the nature of your dispute or query HSBC will investigate and any remediation required will be performed (this may extend beyond the T+1 reporting window) Disagree trade option Published: August

12 Blotter functionality Individual Trade details In addition to the blotter view of all trades, you are able to see individual trade details. Select the trade you wish to view and double-click on any of the common data fields. This will open a pop-up which displays the specific details of that trade. Individual trade details Viewing DTCC data Choose the DTCC Data tab to view the entire message in FpML format which has been sent to the Trade Repository for this trade. DTCC data The Search function The blotter view also has a Search function in the top left hand corner of the page. Enter your requirement and the blotter returns results matching that asset class. Search function Published: August

13 Additional features Within the blotter view, there are additional features: 1. Refresh Shows you the last time your view was updated. Select refresh to update your view. 2. Show Cancelled Trades This button shows a view of any trades that have been cancelled. Trades are viewable here for 3 days. (Note: this functionality is currently only available for Rates & Credit trades) 3. Submit Selected Trades Select this option to submit individual trade(s) that you have highlighted in the blotter 4. Disagree Trade - Select this option if you wish to disagree with individual trade(s) that you have highlighted in the blotter 5. Export Select this option to download the blotter view into Excel. Multiple asset classes will need to be downloaded individually. Additional features Export view Personalise your view Within the blotter view, there is additional functionality which allows you to personalise your view. (Note: this functionality will only apply during your current session - it will not persist as your default view in future sessions). 1. Sort Select any header row to sort data in ascending or descending order 2. Move columns Click and drag on a particular column header to move its position within your user view 3. Size columns Click and drag the header column dividers to increase or reduce the width of columns Published: August

14 Personalise your view Viewing your trade valuations If you have elected for HSBC to report daily trade valuations on your behalf, you can view these by selecting the Valuations tab on the home page. Viewing your trade valuations The first five data fields display the reportable valuation data. Reportable valuation data Published: August

15 Editing your trade valuation If you wish to edit valuations which have been applied to your trades: 1. Select the Export button. 2. An Excel spreadsheet appears wherein you can edit the five valuation fields 3. the updated spreadsheet to: 4. HSBC updates the Trade Repository with your edits. (Note: any trade valuation edits you perform will not be updated or published in your Portal view). Published: August

16 General Logging out When you wish to Log out a notification window appears with a prompt asking if there are still trades requiring any action from you. Please verify if you have any missing data before you log out. Logging out Technical specifications For optimal performance of the Post Trade Portal we recommend you use Chrome 30, Firefox 27 and Internet Explorer 10 (or later versions). Earlier versions of Internet Explorer are also compatible, but may result in some reduced performance. Contact us If you require any further assistance please contact us in the following ways: Phone: + 44 (0) delegated.reporting.service@hsbcib.com Published: August

17 Issued by HSBC Bank plc HSBC Bank plc All rights reserved HSBC EMIR Delegated Reporting Service Post Trade Portal