EMIR Delegated Reporting Middleware platforms

When transacting over a middleware platform, the HSBC EMIR Delegated Reporting service operates as follows.

EU Clients Signed Up for Delegating Reporting on or after 29^th April 2024

When you transact with us over a middleware platform (such as: MarkitWire, DS Match or ICE Link), HSBC will additionally include delegated reporting of the position. HSBC's Delegated Reporting Service can provide collateral and valuation data fields for NFC+, FC- and FC+ clients. This service is offered irrespective of if your third-party platform is reporting to DTCC.

If you wish to use or continue to use your middleware platform to report your trades, please advise us at the time of onboarding the new LEI.

EU Clients Signed Up for Delegating Reporting before 29^th April 2024

When you transact with us over a middleware platform (such as: MarkitWire, DS Match or ICE Link), you will have delegated reporting responsibility to the platform over which the trades are transacted. This covers the position reporting. HSBC's Delegated Reporting Service includes a Gap Fill tool to provide collateral and valuation data fields for NFC+, FC- and FC+ clients that your middleware platform may not provide. This service is offered as long as your third party platform is reporting to DTCC, our chosen Trade Repository. Failure of the middleware platform to report trades however will mean HSBC will not be able to Gap Fill valuations or collateral information and hence it remains your obligation to ensure such trades are reported by the middleware platform.

After 29^th April 2024 for EU EMIR, and after 30th September2024 for UK EMIR, if you would like HSBC to also report the positions, please contact your HSBC representative.

When transacting over a middleware platform, the HSBC EMIR Delegated Reporting service operates as follows.

UK Clients Signed Up for Delegating Reporting on or after 30^th September 2024

When you transact with us over a middleware platform (such as: MarkitWire, DS Match or ICE Link), HSBC will additionally include delegated reporting of the position. HSBC's Delegated Reporting Service can provide collateral and valuation data fields for NFC+, FC- and FC+ clients. This service is offered irrespective of if your third-party platform is reporting to DTCC.

If you wish to use or continue to use your middleware platform to report your trades, please advise us at the time of onboarding the new LEI.

UK Clients Signed Up for Delegating Reporting before 30^th September 2024

When you transact with us over a middleware platform (such as: MarkitWire, DS Match or ICE Link), you will have delegated reporting responsibility to the platform over which the trades are transacted. This covers the position reporting. HSBC's Delegated Reporting Service includes a Gap Fill tool to provide collateral and valuation data fields for NFC+, FC- and FC+ clients that your middleware platform may not provide. This service is offered as long as your third party platform is reporting to DTCC, our chosen Trade Repository. Failure of the middleware platform to report trades however will mean HSBC will not be able to Gap Fill valuations or collateral information and hence it remains your obligation to ensure such trades are reported by the middleware platform.

After 29^th April 2024 for EU EMIR, and after 30^th September2024 for UK EMIR, if you would like HSBC to also report the positions, please contact your HSBC representative.