Barclays EMIR Client Delegated Reporting
16 May 2025
Barclays’ list of known EMIR Reporting errors (timeliness, completeness and accuracy) that may impact Barclays’ delegated trade reporting service are listed below.
Please note that the Barclays Client Portal captures issues discovered by Barclays within the last 4 weeks.
| 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-47662 | Open | Price | We are currently misreporting the Price for swaps relating to Equities and Contracts for Difference. Previously, the industry had agreed to use average cost price, but Article 6 of the Reporting Technical Standards confirms that all parties should be utilising the initial price. | EU EMIR UK EMIR |
Equities | High | Accuracy | 8 November 2024 |
| No | TTRT-161245 | New | PTRR | Following onboarding to the Barclays CDR service, when attempting to back report legacy IR trades for clients (executed prior to Refit), we receive rejections relating to missing PTRR data. | EU EMIR UK EMIR |
Cross Asset | Low | Accuracy | 16 May 2025 |
| No | TTRT-161186 | New | PTRR | Rejecting Exited trades due to missing PTRR information, leading to overreporting. | EU EMIR UK EMIR |
Credit, Rates | Low | Completeness | 16 May 2025 |
| No | TTRT-161031 | New | UTI | For Client Clearing trades, the CCP UTI is erroneously being used for the bilateral leg of the trade, in addition to the CCP leg of the trade. | EU EMIR UK EMIR |
Credit | Low | Completeness | 16 May 2025 |
| No | TTRT-160900 | Open | Entity Responsible for Reporting | For a sub population of trades, it has been noted that the field 'Entity Responsible for Reporting' (ERR) is being misreported on the EOD (VALU) reports. | EU EMIR UK EMIR |
Equities | Low | Accuracy | 8 May 2025 |
| No | TTRT-160851 | Open | Collateral Portfolio Indicator & Collateral Portfolio Code | For Prime Brokerage accounts, which have both CFD and non CFD products included in the collateral portfolio, we are misreporting both collateral portfolio indicator & collateral portfolio code. We are also under-reporting MARU submissions for the related portfolios on the MSR. | EU EMIR UK EMIR |
Equities | Low | Completeness | 8 May 2025 |
| No | TTRT-160163 | Open | Expiration Date | We are currently receiving Rejections from DTCC where the Event date should be equal to the Early Termination Date when we are sending Action Type 'TERM’. | EU EMIR UK EMIR |
Credit | Low | Completeness | 1 May 2025 |
| No | TTRT-159930 | Open | Broker ID | For FX trades executed via FX Connect platform, Barclays are incorrectly reporting “Broker ID” field populated with State Street LEI (I1NPP4LGGOKPRU3MI467). | EU EMIR UK EMIR |
FX | Low | Accuracy | 25 April 2025 |
| No | TTRT-159517 | Open | Nature, Corporate Sector, Clearing Threshold and Reporting Obligation of the counterparty 2 | We are misreporting the Nature, Corporate Sector, Clearing Threshold and Reporting Obligation of the counterparty 2, where party 2 is country is British Overseas Territory. | UK EMIR | Cross Asset | Low | Accuracy | 17 April 2025 |
| No | TTRT-159444 | Open | UTI | Report submitted without UTI, where Barclays is not the UTI generating party, resulting in rejections. | EU EMIR, UK EMIR | FX | Low | Completeness | 17 April 2025 |
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.
© Barclays Bank PLC 2025.