Credit rating and Dual reporting: Difference between pages

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imported>Doug Williamson
(Layout.)
 
imported>Doug Williamson
(Amended as advised by Stephen Baseby, associate policy and technical director ACT, 11 September 2015.)
 
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1. ''Larger organisations.''
The prevailing system of reporting under the European Market Infrastructure Regulation http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:201:0001:0059:EN:PDF (EMIR), under which both parties to a transaction  are required to report it.


A credit rating is an assessment of creditworthiness.  
Sometimes known as 'DSR' (Dual-Sided Reporting).
Although the general term can apply to individuals and smaller businesses, in treasury it is usually used with reference to public debt issued by larger corporations or public bodies. 


So for example a bond issue by a large corporation, or by a government, would usually be given a credit rating by one or more credit rating agencies or other bodies.


 
The Association of Corporate Treasurers and others are lobbying for a system of single-sided reporting (SSR) of transactions between financial counterparties (FCs) and non-financial counterparties (NFCs), under which only the financial counterparty would be required to report the trade.
2. ''Smaller & medium sized organisations.''
 
An assessment of creditworthiness provided by a credit reference agency.




== See also ==
== See also ==
* [[AAA]]
* [[EMIR]]
* [[Bond issue]]
* [[MiFID]]
* [[Climate change: testing the resilience of corporates’ creditworthiness to natural catastrophes]]
* [[Trade repository]]
* [[Corporate credit ratings: a quick guide]]
* [[Legal entity identifier]]
* [[County court judgment]]
* [[FC]]
* [[CQS]]
* [[NFC]]
* [[Credit]]
* [[SSR]]
* [[Credit Benchmark]]
* [[Credit estimate]]
* [[Credit rating agency]]
* [[Credit reference agency]]
* [[Credit score]]
* [[Credit watch]]
* [[Creditworthiness]]
* [[Downgrade]]
* [[ESG ratings]]
* [[Fitch]]
* [[ICR]]
* [[Investment grade]]
* [[Junk]]
* [[Moody's]]
* [[NAIC]]
* [[Non-investment grade]]
* [[Notch]]
* [[pi]]
* [[Pricing grid]]
* [[Prime]]
* [[Private rating]]
* [[Public information rating]]
* [[Public rating]]
* [[Rated]]
* [[SACP]]
* [[Solicited rating]]
* [[Standard & Poor's ]]
* [[Sub-prime lending]]
* [[Toxic]]
* [[Unrated]]
* [[Unsolicited rating]]
* [[Upgrade]]




===Other links===
[[Media:Nov14TTtreasuryessentials46.pdf |Measuring up, The Treasurer, Nov 2014]]


[[Category:Manage_risks]]
=== Other links ===
[[Category:Treasury_operations_infrastructure]]
[https://www.treasurers.org/ACTmedia/EMIR_Consulation_Response_August_2015.pdf ACT's EMIR Consultation Response, August 2015]

Revision as of 15:13, 11 September 2015

The prevailing system of reporting under the European Market Infrastructure Regulation http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:201:0001:0059:EN:PDF (EMIR), under which both parties to a transaction are required to report it.

Sometimes known as 'DSR' (Dual-Sided Reporting).


The Association of Corporate Treasurers and others are lobbying for a system of single-sided reporting (SSR) of transactions between financial counterparties (FCs) and non-financial counterparties (NFCs), under which only the financial counterparty would be required to report the trade.


See also


Other links

ACT's EMIR Consultation Response, August 2015

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