Historic debacles and indistinct nature of OTC market functioning have been the driving force behind enactments such as Dodd-Frank Act. Therefore, compliance and regulations have become an inseparable part of the commodity and energy markets. The aforesaid legislation imparted the most needed transparency in the financial trading spectrum and has now become an intrinsic element of swap transaction dynamics. Commodity Futures Trading Commission has powered this legislation with a set of rules and requirements in the United States; swaps dealers and major swap participants are mandated to report all the swap transaction data to the registered swap data repositories (SDRs). In a scenario like this where the middle ground doesn’t exist, users and different entities can leverage ZEMA suite to automate their end of day processes and ensure that they never overlook any critical reporting regulations. (Data Repositories, 2016)
In order to serve the list of CFTC reporting obligations, a manual action is too error-prone to accomplish this exercise on a daily basis. ZEMA Curve Manager provides an automation functionality for scheduling the reporting of multiple data points based on critical business requirements and ensures that vital datasets such as Primary Economic Terms data, Swap valuation, and other continuation data are reported to the SDRs in a timely manner. In order to leverage the automation feature of the ZEMA suite, users can receive automated email notifications based on the predefined conditions such as; data reported to SDRs, new data arrival, etc.
From manual data capturing to altering data formats, users have to cross multiple hurdles to preparing a usable dataset which abides with their business requirements. ZEMA’s strength is not only limited to integrating data with SDRs but extends to automated data capturing as well as packaging data in the formats complying with the SDRs and other downstream systems. With ZEMA Data Manager, users are able to schedule the collection of data at varying time intervals, normalize the data in acceptable formats and store it in a centralized repository. The aforementioned functionality is entirely automated and saves plenty of time to focus on deadline pertaining tasks. ZEMA adaptors then package your data in an SDR compliant format for subsequent reporting with the help of ZEMA Curve Manager.
Book a demo with us to know more about ZEMA Automation and other pillars of ZEMA- Data, Analytics, and Integration.
Bibliography
Data Repositories. (2016, 12 16). Retrieved from U.S. Commodity Futures Trading Commission: http://www.cftc.gov/industryoversight/datarepositories/index.htm