Application for Financial Regulation EMIR

EMIR is EU legislation that is intended to make all financial transactions more transparent. An energy trading company is highly affected by this and must therefore report at a defined time all derivative transactions to a central repository, which manages this data. For this purpose, EFETNet has developed a message standard (Cpml) which is intended to make it possible for all parties to transfer the necessary information. The corresponding departments of the company must therefore be able to transfer all settled derivate transactions to the selected repository. It should be possible to integrate the process as much as possible into the existing settlement and confirmation processes, which therefore necessitates a user-friendly and high-performance user interface. Since the company already uses Ponton's X/P Messenger for confirmations, it is sensible to use the functions offered by this software for EMIR. This avoids an additional interface.