Confisio launches EMIR compliant collateral solution
30 July 2014 London
Image: Shutterstock
A collateral valuation solution for asset classes in being launched by Confisio with Dion Global Solutions and Traiana.
The solution will support asset classes in exchange trade and over the counter derivatives and will build on Confisco鈥檚 European Market Infrastructure Regulation (EMIR) trade reporting collaboration with Traiana, ahead of the 11 August EMIR deadline.
The collateral valuation is an automated solution for clients reporting to the UnaVista Trade Repository (TR) as well as other TRs. Confisio will set up the automated generation and submission of the relevant reports and submit to UnaVista as well as generating reports and giving support for EMIR compliance.
Christodoulos Papadopoulos, CEO of Confisio said: 鈥淲e are delighted to be working with Dion and Traiana to launch this new service for our clients, which will ensure they are compliant with the latest EMIR regulations.鈥�
鈥淥ur solution simplifies the reporting process in a cost effective way, whilst also giving clients the support they need right the way through the reporting process.鈥�
Ralph Horne, CEO of Dion Global Solutions said: 鈥淲e look forward to working with Confisio and Traiana on this new market initiative.鈥�
鈥淚n the current climate it is important that firms can seamlessly outsource their EMIR trade valuation reporting requirements.鈥�
鈥淭his partnership allows financial institutions to focus on their core business and operate more effectively without the on going investment in, and maintenance of, legacy proprietary systems.鈥�
The solution will support asset classes in exchange trade and over the counter derivatives and will build on Confisco鈥檚 European Market Infrastructure Regulation (EMIR) trade reporting collaboration with Traiana, ahead of the 11 August EMIR deadline.
The collateral valuation is an automated solution for clients reporting to the UnaVista Trade Repository (TR) as well as other TRs. Confisio will set up the automated generation and submission of the relevant reports and submit to UnaVista as well as generating reports and giving support for EMIR compliance.
Christodoulos Papadopoulos, CEO of Confisio said: 鈥淲e are delighted to be working with Dion and Traiana to launch this new service for our clients, which will ensure they are compliant with the latest EMIR regulations.鈥�
鈥淥ur solution simplifies the reporting process in a cost effective way, whilst also giving clients the support they need right the way through the reporting process.鈥�
Ralph Horne, CEO of Dion Global Solutions said: 鈥淲e look forward to working with Confisio and Traiana on this new market initiative.鈥�
鈥淚n the current climate it is important that firms can seamlessly outsource their EMIR trade valuation reporting requirements.鈥�
鈥淭his partnership allows financial institutions to focus on their core business and operate more effectively without the on going investment in, and maintenance of, legacy proprietary systems.鈥�
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