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Catena Ramps Up SFTR Reporting with UnaVista

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Catena Technologies this week announced an extension of its collaboration with UnaVista, part of London Stock Exchange Group, to help firms prepare and comply with Securities Financing Transactions Regulation (SFTR) transaction reporting.

Catena has extended its membership of UnaVista’s Partner Programme to include SFTR. This will enable its customers to automate trade reporting submission and post-submission reconciliation for SFTR, in addition to EMIR and MiFID II. Catena’s TRACE Reporting is a Software-as-a-Service (SaaS) platform that manages a wide range of functional requirements for trade reporting, including cross-asset coverage, valuation and collateral reporting, reconciliation, and multi-jurisdiction support. Catena’s reporting solution works together with UnaVista’s trade repository service to submit securities finance and derivatives transaction information to regulators.

“Our collaboration with UnaVista provides customers with a simple and straightforward way to implement SFTR reporting,” says Aaron Hallmark, CEO of Catena Technologies. “Avoiding complexity in reporting solutions is important for keeping SFTR implementation and operational costs manageable. Likewise, it is beneficial for customers to be able to address each of their SFTR, G20, and MiFID II trade reporting needs together in a single, integrated solution.”

SFTR transaction reporting will require financial and non-financial counterparties to report all of their securities financing transactions to an EU-registered and approved trade repository on a T+1 settlement cycle. The regulation will enter into force on April 11, 2020 and will immediately apply to banks and investment firms. Subsequently, central counterparties and central security depositories will be required to comply starting in July of 2020, buy-side firms will be affected beginning in October 2020, and non-financial counterparties will be covered by the regulation as of January 2021.

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