Barclays EMIR Client Delegated Reporting

3 January 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-147197	New	Event Date	We are currently populating Event Date as blank in some instances. However, as per the logic existing for Futures ETD the Event Date field must be populated.	EU EMIR	Futures, ETD	Low	Completeness	3 January 2025
No	TTRT-147024	Open	Nature of the counterparty 1	We are seeing rejections occurring because the Directly linked to commercial activity or treasury financing field is left blank when the Nature of counterparty 1 is N and the Level is TCN	UK EMIR	Futures, ETD	Low	Completeness	20 December 2024
No	TTRT-147023	Open	Global UTI	Global UTIs are not correctly reported in the ISO message, resulting in rejecting submissions and under reporting.	EU EMIR UK EMIR	Cross Asset	Low	Completeness	20 December 2024
No	TTRT-146967	Open	Underlying Identification	Misreporting Underlying Identification with a default ISIN impacting FCA reported trades.	UK EMIR	Equities	Low	Accuracy	20 December 2024
No	TTRT-146938	Open	EQ portfolio	Over-reporting of EQ portfolio swaps and CFDs for client positions due to suppression of full termination message	EU EMIR UK EMIR	Equities	Low	Completeness	20 December 2024
No	TTRT-40466	Open	EOD Valuation Submissions	Valuation details are missing from upstream EQ system, resulting in under Reporting of valuation submissions.	EU EMIR UK EMIR	Equities	Low	Completeness	13 December 2024
No	TTRT-146761	Open	Unique Trade Identifier	We are currently incorrectly reporting the Pre-refit UTI for Pswaps instead of the Global UTI, causing under-reporting.	EU EMIR, UK EMIR	Equities	Low	Completeness	6 December 2024
No	TTRT-146745	Open	EOD Collateral Submissions	Mis-reporting of initial margin pre and post haircut values for non clearing collateral arrangements, due to incorrect prices used in upstream calculations causing mis-reporting where initial margin pre-haircut is greater than post haircut (hence DTCC acceptance criteria is met), however causing under-reporting where initial margin post-haircut is greater than pre-haircut (hence DTCC acceptance criteria is not met, and rejections are received).	EU EMIR UK EMIR	Cross Asset	Low	Completeness/ Accuracy	6 December 2024
No	TTRT-146744	Open	EOD Collateral Submissions	Mis-reporting of initial margin post haircut for clearing arrangements, due to FX conversion applied twice causing mis-reporting where initial margin pre-haircut is greater than post haircut (hence DTCC acceptance criteria is met), however causing under-reporting where initial margin post-haircut is greater than pre-haircut (hence DTCC acceptance criteria is not met, and rejections are received).	EU EMIR UK EMIR	Cross Asset	Low	Completeness/ Accuracy	6 December 2024
No	TTRT-146712	Open	EOD Collateral Submissions	We are missing collateral data coming from upstream coming for a population of PB trades resulting in under-reporting of collateral submissions.	EU EMIR UK EMIR	Equities	Low	Completeness/ Accuracy	6 December 2024
No	TTRT-146655	Open	Execution Timestamp	We are currently reporting execution timestamp as the creation time in the upstream booking system instead of the execution time stamp causing rejections.	EU EMIR UK EMIR	Rates	Low	Completeness	6 December 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.