Money Market Statistical Reporting

Money Market Statistical Reporting (MMSR) is a vital part of the European Central Bank’s (ECB) monetary and financial policy. It is the dataset used by the ECB to calculate the daily publication of the Euro short-term rate (€STR) benchmark interest rates.

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What is MMSR Reporting?

Monetary financial institutions (MFIs) trading in money market products in the Euro area are required to report their secured and unsecured money market transactions and lifecycle events relating to Euro short term borrowing and lending to their NCB or the ECB at 7am Central European Time (CET) on trade date+1.

Additionally, MFIs are obliged to report their foreign exchange swaps (FX swaps) & Euro Overnight Index Swap (OIS).

The requirement incorporates the following:

  • Up to 44 fields across four segments depending on product
  • Trade economics, product and counterparty reference data
  • Collateral and benchmark index related fields
  • FX swaps, OIS and call/put and notice period details
  • Novation and re-negotiation within trade lifecycle action types.

Take control of your MMSR

The ECB expects firms to have the right controls in place for accurate MMSR.

Our multi-award winning ReportShield™ quality assurance services are designed to help firms meet the regime’s requirements, including comprehensive Accuracy Testing of every MMSR report, reconciliations to ensure completeness, subject matter expert support on your control framework, as well as training for your staff on the reporting requirements.

Accuracy Testing

The testing gold standard, providing the maximum level of protection against regulatory challenge. Learn more

Completeness Controls

Our Completeness Controls tool provides comprehensive, independent end-to-end reconciliation Learn more

Control Framework

Together with data quality, a robust control framework is a key expectation of regulators. Learn more

“The ultimate sanction for reporting breaches is the imposition of a maximum fine equal to twice the amount of the profits gained or losses avoided as a result of the breach where those can be determined, or 10% of the bank’s total annual turnover.”

ECB newsletter – Enforcement, sanctions and reporting breaches, 16 May 2018

Is your MMSR accurate, complete and timely?

To find out, or for a conversation with one of our regulatory specialists, please get in touch.

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