DTCC et al prepare for SFTR
June 5, 2018

The Depository Trust & Clearing Corporation (DTCC) has this morning announced new efforts to further streamline and enhance its global trade reporting capabilities as market participants prepare for the upcoming reporting requirements contained within the Securities Financing Transaction Regulation (SFTR), which are expected to begin to take effect in late 2019. SFTR will require firms which are subject to SFTR to report securities financing transactions including repurchase agreements, securities lending and margin lending trades to a registered Trade Repository.

Working with EquiLend & Trax and IHS Markit & Pirum, DTCC says it will be able to offer greater levels of straight through processing, with seamless links to mutual clients' existing technology, for a quick-to-implement and cost-effective SFTR reporting solution. Each of the firms will build to DTCC's GTR and enrich data to SFTR reporting standards. This builds upon its existing vendor relationships, where over 150 firms already connect their technology solutions to GTR via the DTCC.

EquiLend & Trax's comprehensive SFTR service will connect to GTR via Trax's reporting hub for all SFTR-eligible asset classes, said Brian Lamb, CEO of EquiLend. "Straight-through processing is key for an SFTR solution. From our point of trade through to data enrichment and matching services, this should significantly enhance onward reporting to GTR."





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The Depository Trust & Clearing Corporation (DTCC) has this morning announced new efforts to further streamline and enhance its global trade reporting capabilities as market participants prepare for the upcoming reporting requirements contained within the Securities Financing Transaction Regulation (SFTR), which are expected to begin to take effect in late 2019. SFTR will require firms which are subject to SFTR to report securities financing transactions including repurchase agreements, securities lending and margin lending trades to a registered Trade Repository.

Working with EquiLend & Trax and IHS Markit & Pirum, DTCC says it will be able to offer greater levels of straight through processing, with seamless links to mutual clients' existing technology, for a quick-to-implement and cost-effective SFTR reporting solution. Each of the firms will build to DTCC's GTR and enrich data to SFTR reporting standards. This builds upon its existing vendor relationships, where over 150 firms already connect their technology solutions to GTR via the DTCC.

EquiLend & Trax's comprehensive SFTR service will connect to GTR via Trax's reporting hub for all SFTR-eligible asset classes, said Brian Lamb, CEO of EquiLend. "Straight-through processing is key for an SFTR solution. From our point of trade through to data enrichment and matching services, this should significantly enhance onward reporting to GTR."



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