Pairing and matching rates EMIR
Dear European Securities and Markets Authority,
Under the right of access to documents in the EU treaties, as developed in Regulation 1049/2001, I am requesting documents which contain the following information:
Most recent pairing and matching rates for derivative reports subject to the European Market Infrastructure Regulation.
Yours faithfully,
Samuel Wilkes
Dear Mr Wilkes,
I would like to refer you to the request for Access to Documents you
submitted to ESMA on 22 March 2019 pursuant to Regulation (EC) No
1049/2001 in which you asked to get access to the “Most recent pairing and
matching rates for derivative reports subject to the European Market
Infrastructure Regulation.”.
Against this background, please note that the most recent reconciliation
statistics (February 2019) display average paring and matching rates of
86% and 40%, respectively. The figures represent the industry average and
are based on the individual information that each trade repository
periodically submits to ESMA for supervisory purposes. For more
information on this topic, please see [1]ESMA’s Supervision 2018 Annual
Report and 2019 Work Programme, in particular Section 1.2 Supervision
activities, p.21-22.
With kind regards
Enrico Gagliardi
Dear Enrico Gagliardi,
Many thanks for your help in providing the pairing and matching rates. I have a couple of questions just to clarify how these have been measured.
Is a successful match based on all data fields in two reports being matched or just the 47 critical ones assigned by Esma?
Do the figures include reports being paired and matched between trade repositories?
Yours sincerely,
Samuel Wilkes
Dear Enrico Gagliardi,
Apologies, I also have an additional question to clarify how the pairing and matching rates. I've listed the new question first with the two other questions I asked in my previous email.
What time period do the rates cover? Eg is it pairing and matching rates observed from a one month / year period?
Is a successful match based on all data fields in two reports being matched or just the 47 critical ones assigned by Esma?
Do the figures include reports being paired and matched between trade repositories?
Yours sincerely,
Samuel Wilkes