Client Reporting

This section provides documents outlining key information on registration, onboarding and reporting - everything you need to know about SIX Securities Services' Trade Repository!

Registration


On 1 April 2017, FINMA authorized SIX Trade Repository Ltd to provide transaction reporting services under FMIA. This authorisation makes SIX Trade Repository the only officially recognised solution in Switzerland. The reporting duties of counterparties as well as the applicable deadline depend on how counterparties are categorised under the FMIA classification rules.


 

Counterparties which need to report:

A counterparty's obligation to report depends on its classification. Counterparties are allowed to delegate their reporting duties to the other counterparty or to third parties. Nevertheless, even when delegated to a party already reporting transactions under EMIR, FMIA reporting duties are only fulfilled if reported data corresponds to FMIA requirements (not EMIR) and data is reported to a FINMA approved Trade Repository. FMIA differentiates between four counterparty classes including FC (+/-) and NFC (+/-), see definitions below:


 

Financial Counterparties (FC):

  • Large Financial Counterparties (FC+) for example are banks, securities dealers, asset managers, fund management companies. 
  • Small Financial Counterparties (FC-) are FCs below an aggregated threshold of CHF 8 billion of open OTC derivative contracts on a 30-working-day rolling.

Non-Financial Counterparties (NFC):

  • Non-Financial Counterparties (NFC) are undertakings which are not an FC+ or FC- with an entry in the Swiss register of commerce. 
  • Small Non-Financial Counterparties (NFC-) are NFCs below certain thresholds of open OTC derivative contracts on a 30-working-day rolling basis:
  1. CHF 1.1 billion for credit and equity derivatives and
  2. CHF 3.3 billion for interest rate, FX, commodity and other derivatives (hedging transactions excluded)

 
 

Legislative Requirements. Timeline:

SIX Trade Repository Ltd. is compliant with FMIA regulation and is strictly designed according to their regulatory requirements. You can find the listed legal documents which form the foundation of our technical solution and offering on the FMIA website.

Legal background links:


 

Requirements:

Start reporting FC+ from 01 October 2017
Start reporting FC-/NFC+ from 01 January 2017
Start reporting NFC- from 01 April 2018


 


 

Register now!

The onboarding process has already begun. In order to get started, please complete the onboarding application and send it to our onboarding desk traderep@six-securities-services.com. If there are any questions please do not hesitate to contact us.

Application forms:


 


 

Need help?

If you cannot find the information you need please don't hesitate to call one of our support experts on +41 58 399 6650

Operating hours: 08:00 - 17:00 CET on Swiss business days (Outside office hours: please send your questions via e-mail)


 


 

Onboarding


Once registered, these are the steps to getting started. When you are set up in our SIX Trade Repository system, you will need to install a browser certificate required by users for authentication purposes. 


 

Getting started:


 

Onboarding documentation, system functionality & demo available from SIX Trade Repository Sales/Product Management for you to discover our service offering in detail.

Fill in our application form as a reporting user and send it to traderep@six-securities-services.com

Our team will set up your access to the SIX Trade Repository GUI (2 days) & FTP Gateway (within 10 days)

You can test the user interface and technical setup in detail

Based on your requirements, a number of modifications are possible

Set up will be transferred into production

Report your derivative transactions under FMIA. Need assistance? Our Client Service Team will be there to help you


 


 

Technical Documents

SIX Trade Repository is built on a leading solution provided by UnaVista. The following technical documents provide detailed information to help support you with operational requirements and workflows.


 

Reportable content under FMIA regulation:

The reporting field specifications document explains what data must be reported depending to the trade type. The sample upload files further illustrate how several trades are reported correctly according to FMIA regulation.

Reporting of workflows and position changes:

Besides the reporting of new trades, FMIA regulation specifies requirements regarding the trade workflows as well as position management. The following documents will provide the necessary information.


 


 


 


Helpdesk:

If you want to speak with our experts directly, please don't hesitate to call.

Phone:                        +41 58 399 6650 
Operating hours: 
      08:00 - 17:00 CET on Swiss business days