|What is delegated reporting?|| The European Markets and Infrastructure Regulation (EMIR) requires a party to a derivatives trade that is subject to EMIR to report to a Trade Repository approved by the European Securities and Markets Authority (ESMA).
Since12 February 2014 EMIR allows parties to delegate their reporting to the counterparty or another entity, but you retain the responsibility for any reporting done on your behalf.
|Does HSBC offer delegated reporting to its clients?||HSBC offers a delegated reporting service for EU clients of HSBC in Europe and EU Clients of HSBC Bank USA, NA.|
|Which product categories are supported by the Delegated Reporting Service|| The EMIR Delegated Reporting Service for clients trading with HSBC in Europe is available for all OTC products in-scope for EMIR for Rates, Credit, Equities, Commodities and FX
The EMIR Delegated Reporting Service for clients trading with HSBC Bank USA, NA is available for Rates and FX
|How do I apply for the EMIR Delegated Reporting Service?||I am a client of HSBC Bank PLC (or HSBC Bank PLC Branches)
I am a client of HSBC France SA (or HSBC France SA Branches)
I am a client of HSBC Bank USA, NA
|Which Unique Trade Identifier (UTI) should I use?|| Counterparties must agree and use the same UTI. Where you are registered for HSBC EMIR Delegated Reporting Service, HSBC will generate, supply and report the UTI as part of the trade confirmation, except for trades not affirmed through third party platforms. For trades affirmed through third party platforms (MarkitWire or DS Match, for example), the platform will create the UTI and provide it to both sides.
Where you report your own trades, you should agree with each of your counterparties on who will assign the UTI.
|How can I view my reported trades?|| You can view your reports in two ways:
|Do I need to sign the HSBCnet agreement for the service if I am already an existing user?||Yes, although you may have a HSBCnet user account we still need this HSBCnet agreement signed for delegated reporting purposes. Please also add your existing user ID to the onboarding form.|
|How do I sign up to get a HSBCnet User ID?||Please follow the step by step guide on the ePortal tab to sign up for a User ID- Please do not register for a new one if you already have an account set up.|