Dealing with Compliance of the Dodd-Frank Act
September 9, 2011 – Richmond, B.C. – In July 2010, the Dodd-Frank bill was passed mandating: all standardized swaps be executed on a swap execution facility or a designated contract market and be submitted to a derivatives clearing organization for clearing. These transactions are also subject to reporting conditions which may involve up to the minute reporting to data collection agencies called Swap Data Repositories (or SDR), the CFTC or SEC.
The new Act poses significant process changes and heavy reporting requirements. Any organization with large trading or hedging operations is at risk. Is your organization equipped to meet the additional reporting requirements?
ZE PowerGroup Inc. (ZE) provides the tools to submit your swap trade details to your respective SDR or data collection agency. As the developers of ZEMA Suite for enterprise data management and analysis, ZE can provide automatic persistence of reporting information to any SDR or regulatory agency. ZE has significant experience in dealing with data integration between data providers and consumers.
During the recent ERCOT Nodal Market Transition, ZE proactively prepared its ZEMA clients to facilitate intensive requirements derived from the market transition. On Day 1 of the market implementation, ZEMA clients were up-to-date and able to handle a massive volume of new data and were able to execute the data reporting requirements to the ERCOT Nodal ISO.
ZEMA will reduce the need for additional resources, internal development or the maintenance of unreliable manual processes. ZE has extensive experience in seamlessly integrating data processes and is quick to adapt to new regulatory environments. ZEMA’s open architecture enables straightforward integration with new parties as they come online to satisfy the requirements of the Dodd Frank Act.
- Integration with any SDR or regulatory agency
- Sending of any swap trade detail from any ETRM, ERP or Internal system
- Reporting of data when and as it becomes available; meeting any real time reporting requirements
- Scheduling of reporting mechanisms to run with End-of-Day processes
- Confirmation that reporting obligations have been met or your reporting department is alerted to any exceptions
- A mechanism for reporting end-user hedging exemptions
- Ability to handle large volumes of data in a timely and reliable manner
- Ability to adapt to new agencies as they are formed
Data Flow Diagram
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