Traduction de «Déclaration relative à l'opération d'escompte » (Français → Anglais) :

The proposed regulation introduces measures in three areas: (1) transaction details must be reported to trade repositories, and competent authorities and relevant Union bodies must have direct and immediate access to these details in order to facilitate monitoring of the build-up of systemic risks related to the use of securities financing transactions (SFTs), which for the purposes of the proposed regulation include repurchase transactions, securities or commodities lending and borrowing, and other transactions with equivalent economic effect and posing similar risks, in particular buy-sell back and sell-buy back transacti ...[+++]ons; (2) information on SFTs must be disclosed to the investors whose assets are employed in these transactions or in other financing structures that have effects equivalent to SFTs; and (3) there must be contractual transparency of rehypothecation activities.

This option is applicable if: (i) the reporting coverage is comprehensive, i.e. it covers substantially all of the transactions carried out by the reporting agents; (ii) accurate data on purchases and sales with non-residents of the euro area Member States are provided; (iii) differences between issuing value and redemption value, excluding fees, of the same shares/units are minimal; and (iv) the amount of shares/units held by non-residents of the euro area Member States issued by resident IFs is low.

This option is applicable if: (i) the reporting coverage is comprehensive, i.e. it covers substantially all of the transactions carried out by the reporting agents; (ii) accurate data on purchases and sales with non-residents of the euro area are provided; (iii) differences between issuing value and redemption value, excluding fees, of the same shares/units are minimal; (iv) the amount of shares/units held by non-residents of the euro area issued by resident MMFs is low.

We are required by law to receive terrorist property reports, suspicious transaction reports, or STRs, and reports of attempted suspicious transactions, large cash transaction reports of $10,000 or more, or LCTRs, casino disbursement reports, and reports of international electronic funds transfers, or EFTs, of $10,000 or more.

As you are probably somewhat aware, we receive reports from financial institutions and intermediaries about large cash transactions, so reports on any cash transaction over $10,000, any international electronic wire transfer over $10,000, as well as reports on suspicious transactions from a wide variety of reporting entities, as we call them, including banks, credit unions, accountants, money services businesses, securities dealers, and the like.

The options related to BoP reporting are (4) maintain the existing threshold that exempts payment service providers from reporting on payment transactions below EUR 12 500; (5) create a voluntary Additional Optional Service (AOS) Community within SEPA that would allow the collection of statistical data from settlements to continue; (6) encourage voluntary adjustments by the Member States; and (7) address the BoP reporting problems through legislation, with three sub-options: (7a) raise the exemption threshold to EUR 50 000; (7b) a ...[+++]bolish settlement-based BoP reporting obligations imposed on payment service providers; and (7c) raise the exemption threshold to EUR 50 000 followed, in a second phase, by abolition of BoP reporting based on settlements by January 2012.