MMSR Module (Money Market Statistical Reporting)

Given the ongoing structural changes in the financial markets, the current monetary policy requirements must ascertain the capacity and functioning of the money markets much more comprehensively than previous historical approaches. For this reason, on November 26, 2014, the European Central Bank (ECB) adopted Regulation (EU) no. 1333/2014 concerning statistics on the money markets (ECB/2014/48).

Regulatory Requirements

The objective of this EU regulation is to gather information on the money market activities and conditions in the European Monetary Union. To adhere to this provision, starting in April 2016, the ECB will survey statistical data on euro-involved money market transactions. These transaction-based reports are intended to provide the ECB with a comprehensive view of the details of the money markets in the Euro currency area in order to comprehend the effectiveness of the monetary stimulus and to fulfill the ECBs duty to support the stability of the financial markets. The enquiry should further strengthen the now standardised Single Supervisory Mechanism (SSM) in accordance with Regulation (EU) no. 1024/2013 in analytical and statistical terms. The obligation to report applies to four reporting categories that have been determined by the ECB: Major banks, so-called Important banks, Representative banks as well as Specific banks, that can be designated by the National Central Bank (NCB). For Germany, the Deutsche Bundesbank has set the respective parameters for a 2014 balance sheet of more than 1 billion euro and an existing PM account in TARGET-2. Commencing on April the 1, 2016, a 3-month transitional period will begin, in which test reports based on real data will be submitted. It is expected that the data quality will be continually increasing during the transitional period. Starting on July the 1st, 2016, the productive report shall be submitted to the Bundesbank by 6:30 a.m. CET of the trading day following the transactions day (t+1) or to the ECB by 7:00 a.m. CET.

Our Solution

The required transaction data for the report in accordance with the ECB money market statistical reporting is delivered on a daily basis via a defined interface from various sources, such as front and back office systems. The MMSR module can be used individually or in combination with the TR module. The standardised data import process takes place over a singular predefined inbound interface.

Alongside the correct creation of the required regulatory reports, the MMSR module supports additional functionalities, such as consistency and relevance checks, internal portfolio reconciliation, data validation according to the rules of the ECB/NCB, audit trail for manual corrections (e.g. in case of consistency errors), table export functionality (.xls and .csv), and analytical reporting. The internal portfolio reconciliation functionality (see figure 2), the generation of proposed transactions and the identification of irrelevant reporting transactions facilitate a transparent, comprehensive report submission and support standardised, coordinated data warehousing between the systems. The process management may be done via the cockpit (GUI), the process bar or automatically (via batch scripts).
The installation includes the necessary test and production environment, user training seminars, access to the ABACUS customer area (system documentation, user guides, wiki, etc.) and to our ticketing system.

Additionally, the customer hotline/service desk is available for any further questions.

Benefits for the Clients

Convenient Transaction Management

Alongside the correct creation of the required regulatory report ABACUS/Transactions provides further functionalities for both modules to considerably simplify the management of the delivered transactions:

The internal portfolio reconciliation functionality (see figure 2), the generation of proposed transactions and the identification of irrelevant reporting transactions facilitate a transparent, comprehensive report submission and support standardised, coordinated data warehousing between the systems. The process management may be done via the cockpit (GUI), the process bar or automatically (via batch scripts).

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