Barclays EMIR Client Delegated Reporting

19 July 2024

Barclays’ list of known EMIR Reporting errors (timeliness, completeness and accuracy) that may impact Barclays’ delegated trade reporting service are listed below.

Field Name	Description
Barclays' Significant Impact as per Article 9	This indicates significant issues which we will notify to Barclays’ NCA via Error and Omissions Process
Reference ID	This is an internal Barclays Reference, please quote this if you require any further information on this issue
Status	This will identify any new, open or closed issues
Field	Impacted field
Summary	Description of issue
Regulatory Body	Impacted Regulatory Body
Asset Class(es)	Asset Classes impacted
Regulatory Risk	Estimated % impact on overall trade volume (High >5%, Medium 1-5%, Low <1%)
Reporting Impact	Accuracy, Completeness or Timeliness issue
Publication Date	Date added to Portal

Internal – Transaction Reporting

Barclays' Significant Impact as per Article 9	Reference ID	Status	Field	Summary	Regulatory Body	Asset Class(es)	Regulatory Risk	Reporting Impact	Publication Date
Yes	TTRT-45578	Open	Direction 1 of leg 1 & Direction 2 of leg 1	Direction1 (Buyer/Seller) field should not be populated. Instead, the fields Direction 1 of leg 1 (Payer/Receiver) & Direction 2 of leg 1 (Payer/Receiver) should have been populated.	EU EMIR	FX	High	Accuracy	12 July 2024
No	TTRT-45823	New	Confirmation Timestamp	We are receiving rejections from DTCC as the Confirmation Date Time must be greater than or equal to Original Execution Timestamp.	EU EMIR UK EMIR	Credit Equities Rates	Low	Completeness	19 July 2024
No	TTRT-45648	Open	Execution Agent ID (Trade State Report)	It has been identified for a population of trades we are seeing the Execution Agent for Counterparty 2 populated in the Execution Agent ID on the trade state report which is allowing counterparties to have incorrect visibility of the trades reported.	EU EMIR	Cross Asset	High	Accuracy	12 July 2024
No	TTRT-45615	Open	Execution Agent ID (Margin State Report)	Post EMIR REFIT, we are seeing the Execution Agent not be populated on the collateral messages. Thus, clients are unable to see their portfolios on the DTCC Margin report.	EU EMIR	Cross Asset	Low	Accuracy	12 July 2024
No	TTRT-45588 TTRT-45708	Open	Underlying Asset ID Type	Underlying Asset ID Type Field for Equity Portfolio Swaps (Ticker Level) which are Single Underlying Pswaps is currently mis-reported with value reported as "Basket" instead of "Share" or "Index". All Ticker level pswaps have only 1 Underlying and hence should be reported as Share or Index instead of a Basket.	UK EMIR	Equities	Medium	Accuracy	12 July 2024
No	TTRT-45558	Open	UTI	FX trades are being reported with the same UTI for the block and allocations which is causing DTCC rejections for duplicate UTIs.	EU EMIR UK EMIR	FX	Low	Completeness	05 July 2024
No	TTRT-45531	Open	EU Underlying Asset ID Type, Reference Entity	When no underlyer is available for CreditDefaultSwap Products, the reference entity should instead be populated with either an LEI or ISO Country Code.	UK EMIR	Credit	Low	Completeness	05 July 2024
No	TTRT-45416	Open	Final contractual settlement date	We are currently reporting the Final contractual settlement date field in ETD with same value as "Expiration date" instead of “Unadjusted date as per the contract, by which all transfer of cash or assets should take place and the counterparties should no longer have any outstanding obligations to each other under that contract”.	EU EMIR	Futures- ETD	High	Accuracy	28 June 2024
No	TTRT-45413	Open	Reference Entity	Misreporting of field Reference Entity for EMIR reporting on Credit Corporate Loan Total Return Swaps. The Validation rules state that either an LEI or a country code should be provided, however we are currently sending the name of the loan issuer which is not being reported.	UK EMIR	Credit	Low	Accuracy	28 June 2024
No	TTRT-45347	Open	Total Notional Quantity of Leg 1	Misreporting of ‘Total Notional Quantity of Leg 1’ post refit go-live for Equity Portfolio Swaps. The Total notional quantity of Leg 1 for Equity Portfolio Swaps should be reported with the open units and not defaulted to 1.	EU EMIR	Equities	Medium	Accuracy	28 June 2024

Disclaimer

Whilst you have appointed Barclays to carry out trade reporting on your behalf, pursuant to the provisions of UK EMIR and/or EU EMIR, you retain responsibility for ensuring that any reports submitted are accurate, and to check them for completeness. Clients with DTCC accounts are able to log on to check their trade reports have been submitted accurately. We encourage you to do this, and to let us know if you believe there are any errors in the reporting of your trades by contacting emirdelegatedreporting@barclays.com. For clients who have not previously opened a DTCC account please contact 'GTR Support' for service information and registration details. Further DTCC information on onboarding options for prospective clients can be found at: www.dtcc.com.

Barclays is unable to provide you with advice and, as a result, you should ascertain, using such advice as you deem necessary, your own regulatory obligations, including whether you should be notifying your local regulator of any errors which may have a material impact on your trade reporting. Whilst Barclays is liaising with its relevant regulatory authorities regarding its own trade reporting obligations, this will not extend to your own trade reporting obligations.