ISDA offered best practices to market participants on swap trade reporting under European Market Infrastructure Regulation ("EMIR") regulations.
In the EMIR Reporting Best Practices report, ISDA highlighted best practices for trade reporting, including best practices for validation, determining the fixed or floating leg of a trade and the counterparty side for reporting under EMIR RTS ("Regulation Technical Standards") 2.0, and time stamping. These recommendations are to be "reviewed and updated periodically."
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.