EFET's data standards facilitate the integration of internal and external business processes, with the goal to enable
straight-through processing. Applying the standards is promised to enhance process efficiencies, reduce operational risks as well as transactional costs. EFET's data standards are designed, maintained and released as
open standards with the intention to ensure
interoperability. • electronic Position Matching (ePM), for the exchange and comparison of nomination data, Juni 2008 • eCredit Matrix Standard for the exchange of counterparty credit limits with brokers, July 2009 • Communications Standard for authenticated, confidential, unalterable, and undeniable message exchange, September 2010 •
Commodity product Markup Language (CpML) as a vocabulary for exchanging standardized messages for commodity trading and reporting processes, April 2012 (released as version 4, spun off from the work on eCM and eXRP standards), CpML was governed by the
CpML Foundation from 2013 (version 5.0) until 2023 (version 6.5) • electronic eXchange Related Processes (eXRP) for the registration of off-exchange clearable products, September 2012 • electronic Portfolio Reconciliation (ePR) for the reconciliation of portfolios under EMIR, March 2014 •
electronic Regulatory Reporting (eRR) for reporting new trades and lifecycle events to regulatory databases, March 2015 •
electronic Settlement Matching (eSM) for the exchange and comparison of settlement data and invoices, February 2019 Maintenance of the ePM, eXRP, and ePR standards is suspended due to lack of market adoption (in 2025).
EFETnet EFETnet was set up in 2003 as a cost sharing vehicle of EFET's member companies and turned into a subsidiary organisation in 2005 In this role, EFETnet supported the development and maintenance of EFET's data standards and operated the central matching hub for electronic confirmation matching. In 2011, EFETnet together with
DTCC were selected by
ISDA to build a global
trade repository for commodity
over-the-counter derivatives trade types with the objective to fulfil current and future regulations. The
Global Trade Repository for Commodities went live in January 2012 and received first trades in April 2012. It was later integrated with other repositories of DTCC to report under
Dodd-Frank. In 2014, EFETnet launched its regulatory reporting service under
EMIR, providing a standard interface to
DTCC,
REGIS-TR and
UnaVista trade repositories. In 2015, EFETnet was amongst the first fully approved Registered Reporting Mechanisms (RRM) under
REMIT. In 2017, EFET has divested its ownership in EFETnet to the subsidiary’s managing director. == Members ==