About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Sell-Side Firms Help Buy-Side Clients Meet Reporting Obligations with DTCC Report Hub

Subscribe to our newsletter

The Depository Trust & Clearing Corporation (DTCC) has released Report Hub, an assisted reporting model designed to allow sell-side firms to help buy-side clients with regulatory reporting mandates across 14 jurisdictions.

Sell-side firms including prime brokers and clearing brokers can use Report Hub to provide required counterparty trade data to buy-side clients that also use the hub. The sell-side firm submits trade details for underlying clients that can add supplemental data regarding the trade directly into Report Hub. Once submitted, Report Hub performs reporting eligibility checks across jurisdictional requirements and transmits the trade data for automatic reporting via an authorised trade repository.

The assisted reporting model also gives both counterparties access to Report Hub’s exception management monitoring and remediation functionality, with clear roles and responsibilities defined between the sell-side and its clients for remediating any failed submissions. The sell-side firm has access to Report Hub to view and remediate errors within Report Hub, and buy-side clients can monitor and fix any trade detail issues.

“We built DTCC Report Hub incorporating strategic insights from key stakeholders, including Barclays, to put the power of a robust reporting solution into our clients’ hands” comments Val Wotton, DTCC managing director, product development and strategy, repository and derivatives services.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

New White Paper: AI and the Operational Reality of e-Comms Surveillance

The rapid expansion of electronic communications channels has fundamentally reshaped how financial firms interact with clients, counterparties and markets. Email and Bloomberg messaging have been joined by collaboration tools, instant messaging platforms, voice calls and video meetings, all of which now sit squarely within the scope of regulatory scrutiny. For compliance teams, this proliferation has...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Fatca – Getting to Grips with the Challenge Ahead

The industry breathed a sigh of relief when the deadline for reporting under the US Foreign Account Tax Compliance Act (Fatca) was pushed back to July 1, 2014. But what’s starting to look like perhaps the most significant regulation of the next 12 months may start to impact our marketplace sooner than we think, especially...