Cesarz_TR

A system for reporting transactions to KDPW_TR or other central trade repositories

It enables, facilitates, and optimises the reporting of information about derivative contracts entered into in the OTC market and about any changes to them or their termination.

It fulfils the requirements of European Market Infrastructure Regulation – EMIR Regulation.

The Cesarz system by the Risco Software Company has also been described in Miesięcznik Finansowy BANK (Financial Monthly BANK), no 11/2015. Read the article.

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Who have we created the system for?

The system is dedicated to the realisation of the requirements of stage 1 of EMIR Regulation – a regulation concerning derivatives’ transactions, subject to trade on the OTC market. Addressees: banks, financial institutions, all companies, which conclude derivatives transactions. The obligation to report transactions (article 9 of EMIR) applies to financial and non-financial contractors, and CCP. They are obligated to report, to a trade repository, detailed information about the derivatives contracts they have entered into and any changes of those contracts or their termination.

Cesarz_TR – System characteristics

The system simplifies the transaction reporting process and is fully compliant with the requirements of the KDPW and DTCC (The Depository Trust & Clearing Corporation) as well as the requirements of the supervisory authorities of the European Union (ESMA) and Poland (Polish Financial Supervision Authority, Polish: Komisja Nadzoru Finansowego, abbreviated to KNF).

It is a comprehensive middleware in the process of submitting information about transactions to repositories. It enables an exchange of messages between bank systems and systems of central trade repositories, according to the requirements of phase 1 of EMIR.

Unique advantages:

the system is compliant with the requirements of the National Depository for
Securities Company (Polish: Krajowy Depozyt Papierów Wartościowych S.A., abbreviated to KDPW) – it has the KDPW partner status,
It handles all types of derivatives,
It is fully compatible with external systems,
It ensures full control over the process of data processing and reporting,
It operates 24/7/365,
It can be adapted to particular requirements of a given reporting entity.

For the realisation of the requirements of phase 2 of EMIR, we have prepared the second module of the Cesarz system, that is Cesarz_CCP.