07 September 2005

Harmonization of Eurozone Primary Dealer reporting requirements

The National Treasuries of the euro area have agreed on a harmonized format for primary dealers to report on their activity in the euro-denominated Government securities market from January 2006 onwards. The harmonized format will provide data on the type of securities traded, the type and geographical location of trading counterparties and whether the trades have been executed by telephone or using an electronic trading platform.

The harmonized reporting format is a welcome development for both the National Treasuries and the Primary Dealers. Primary Dealers will now be able to automate production of their activity reports. National Treasuries will obtain more informative and more reliable data. This is to the advantage of the Treasuries and the Primary Dealers since these data are one of the inputs used by the Treasuries in appraising the quality of the Primary Dealers’ contribution to the placement of their securities and to the liquidity of their secondary markets.

The harmonized reporting format has been developed by the EFC Sub-Committee on EU Government Bonds and Bills Markets in co-operation with the European Primary Dealers Association (EPDA) which has approved in September 2005.

Sub-committee's Report
Annex 1: Reporting templates
Annex 2: Counterparty definitions
Annex 3: Technical specifications (1)
Annex 4 Technical specifications (2)

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