MMSR Reporting (NCA)

The deltaconX regulatory platform enables MMSR Reporting so that your day-to-day operations are streamlined and your ability to work is optimized, allowing you to easily meet your reporting obligations.

Money Markets Statistical Reporting (MMSR) refers to the EU regulation to gather information on money market activities in the European Monetary Union to help regulate money markets and the respective activities.

On November 26th 2014, the European Central Bank (ECB) passed Regulation (EU) No. 1333/2014 concerning statistics capture on the money markets, as well as amending Regulation (EU) 2015/1599 and Regulation ECB/2018/33. Then in April 2016, the ECB started collecting statistical data on money market trades in euros.

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Reduce your costs with our unified SaaS platform that streamlines your processes.

What is the reporting obligation?

Firms are required to report a range of detailed information about their euro-denominated money market transactions to their respective national central bank within the EU.

Such transaction-based reports are there to provide the ECB with a comprehensive overview of the activities taking place within the euro-zone money markets. These statistics enable the ECB to better assess the effectiveness of monetary policies, while at the same time supports their duty in maintain the stability of financial markets.

The MMSR requirements themselves were designed to strengthen the Single Supervisory Mechanism (SSM) by making sure that reports comply with the analytical and statistical requirements of the EU’s Regulation 1024/2013.

The obligation to report applies to the reporting categories outlined above, and are determined by the ECB by factoring in size, importance, “representativeness”, as well as other institutions specified by National Central Banks (NCB).

Who is required to report?

Firms required to report under MMSR include:

Credit institutions: This includes banks and similar institutions located in the EU.
Branches: This includes branches of credit institutions located in the EU even if the institution itself is headquartered elsewhere.
Investment firms: This includes entities located in the euro area (as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013).
Fund management companies: Such as investment trusts, which make decisions about the buying and selling of Euro-denominated money market instruments.
Other financial corporations: This includes entities headquartered in the EU and are not covered by the categories above (as defined in point (9) of Article 4(1) of Regulation (EU) No 549/2013 - excluding insurance corporations and pension funds).

When do reports have to be made?

T+1, the day after the trade is executed.

User-friendly compliance

A platform that helps you focus on what matters.

deltaconX provides highest flexibility by supporting multiple jurisdictions within a unified platform.

Fully integrated MMSR

The deltaconX SaaS platform offers the capability to incorporate MMSR requirements into our unified and standardised workflow, so that you only need to focus on the necessary data for the required asset classes.

We completely remove any confusion surrounding the requirements for MMSR compliance by ensuring that the required data is captured and provided to satisfy MMSR requirements for each derivative.

Because our unified deltaconX workflow is built to focus your attention only where it’s needed, being MMSR compliant has never been easier as all the requirements and safeguards are built into our platform itself.

Integrated Compliance Expertise

We help you move away from relying on external consultants or trying to maintain complex internal solutions that eat up significant amounts of time and resources, and actually reduce your burden of compliance in the process.

Our platform has the combined experience from across the entire data reporting chain integrated so that you can finally eliminate the need for expensive in-house know-how and switch to a simpler way of working with a proven track record of reducing manual efforts by up to 80%.

In this sense deltaconX makes it both quick and easy to make sure that everything is available to validate your MMSR while actually taking the pressure off your existing resources.

By building expertise from across our entire data reporting chain into the platform itself, we’re also able to proactively work on of bigger shifts, changes, or even revisions to the regulations without passing the burden on to you.

Evergreen Compliance is Futureproofed Compliance

As the regulatory reporting bodies start to evolve by changing their focus from data completeness towards a new data-quality centric approach, simply remaining compliant will become a bigger challenge over time.

With deltaconX you get more than just a SaaS based solution provider, you get a long-term partner that proactively helps you reduce the burden of compliance and actually frees up resources that can start focusing on your core business.

Unlike other solutions deltaconX can actually provide you with the complete picture of the cost of MMSR compliance with an unprecedentedly clear TCO – even as reporting compliance requirements change over time.