FpML-RPTWG Multi-regulator and multi-jurisdictional reporting scenario

["Chris Funck" <cfunck@xxxxxxxxxxxxxxxxxxxx>]

An example of an entity, in this case a derivative end user, who is required to report in multiple jurisdictions and, potentially, to multiple regulators:

 

A US company buys a Canadian company. The US company (parent) enters into a USD-CAD Cross Currency Swap. The US parent company values and reports the trade in USD for US accounting and US financial reports. The parent also values and reports the same transaction in CAD for Canadian accounting and Canadian financial reporting on behalf of the child entity.

 

The reporting logistics can get even more complicated if the parent and child organizations operate in the EU, or in Asia.

 

______________________________________________
Chris Funck
Chatham Financial - Kennett Square
235 Whitehorse Lane
Kennett Square, PA 19348
T: 484.731.0408
F: 610.925.3125
www.ChathamFinancial.com