Research European Commodity Market Regulations - Part 1

European Energy Market Regulations V3.1 • • • • • • • Send the data to EMIR TRs and REMIT RRMs Calculate and record the gross notional values in line with EMIR View the EMIR and REMIT values for the entire firm and also drill down, by all categories into trade level detail if required Easy integration of multiple source systems (whether produced by Openlink or not) using a simple interface which offers trade enrichment with reference date and other complex rule based transformations Specify which trades, books or products are in scope of the regulations so users can filter on these criteria to calculate the EMIR and REMIT values for the in-scope trades only Enrich and transform data before sending to the Repository using a complex transformation engine Perform bilateral portfolio reconciliation using the data already in the cube combined with file production and matching facilities The cube is integrated with other cubes such as the Risk Cube. It can be used as the basis of a cross company business intelligence solution. Openlink also supply an “accelerator” from Endur and IRM so that those systems can be connected to the cube with a short implementation time. Vendor: OpenLink Financial - http://www.olf.com eOpt PriceHub e·Comply PriceHub e·Comply has been developed by e·Opt Solutions, a Germany based provider of solutions in the Energy Trading space. It is a comprehensive tool for Regulatory Reporting under EMIR and REMIT and is targeted towards the obligations of most medium to small sized energy companies in Europe. It is a viable tool for this market and though currently built for EMIR and REMIT, it can be easily extended to serve future Regulatory challenges. e·Comply has an intuitive and transparent workflow. It offers extensive Reporting and interfacing possibilities as well as an open data model for upstream source systems, thereby making bespoke interfacing to ETRM or other systems achievable with limited effort. e·Comply already has a downstream interface for REGIS-TR and as other Repositories and RRMs expose their interfaces, e·Opt plans to update its interfacing as well. Two key differentiators of e·Comply have are firstly its ability to seamlessly report Orders to Trade under REMIT, and secondly its Third Party Reporting module. The former uses online interfacing to Trayport and other platforms to gather orders. The Third Party Reporting module allows companies to offer Reporting Services to smaller clients with limited resources and trading operations. With Regulators expected to be increasingly intrusive, the Trade Annotation function is a useful tool to answer background questions on Trades and Orders. e·Comply has been built as a comprehensive Compliance tool for organizations, rather than being limited to EMIR and REMIT. It is deployed as an inward as well as outward looking tool, helping Compliance Managers to satisfy internal as well as external demands. © Commodity Technology Advisory LLC and ETR Advisory Ltd, 2013, All Rights Reserved. v3.1 November 13th, 2013 38

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