A-Team Insight Blogs

DTCC Adds Vendor Partners to Help Mutual Clients Achieve SFTR Compliance

Share article

Reflecting DTCC’s recent announcement that Barclays, Goldman Sachs and J.P. Morgan have signed up to use its Global Trade Repository (GTR) to meet their obligations under the European Union’s Securities Financial Transactions Regulation (SFTR), the company has named additional vendor partners that it will work with to support mutual clients.

New partnerships have been made with Catena Technologies, Compliance Solutions Strategies (CSS) and Finastra. These add to GTR SFTR partnerships that were made in 2018 by DTCC’s Repository and Derivatives Services (RDS) division with EquiLend, Trax, IHS Markit and Pirum, Broadridge, FIS Global, Murex, RegTek.Solutions and SimCorp. SFTR is expected to take effect in April 2020.

The DTCC solution supports all product types to be reported under SFTR, including repo and reverse repo, securities and commodities lending and borrowing, sell/buy-back, buy/sell-back and margin lending and borrowing. In addition to supporting core trade repository requirements, the solution offers value-added services, such as data transformation tools and consulting.

Val Wotton, managing director, product development and strategy at DTCC’s RDS, says these (and other) partnerships are part of the company’s effort to transform the post-trade ecosystem and drive client value while accelerating the adoption of new initiatives and best practices across the industry.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: FRTB: Laying the groundwork for compliance

Date: 6 June 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. The January 2022 compliance deadline for sell-side firms within the scope of Fundamental Review of the Trading Book (FRTB) regulation may seem far into the future, but the complex demands of the regulation and the need to source regulatory data that has...

BLOG

Fenergo Partners Refinitiv for World-Check One KYC Data

Fenergo has connected its client lifecycle management (CLM) solution to Refinitiv’s World-Check One Know Your Customer (KYC) data through an application programme interface (API) integration. The partnership will enable financial institutions to streamline their KYC verification processes and anti-money laundering (AML) screening, and identify risk more efficiently. According to a recent Fenergo survey, 81% of...

EVENT

Breakfast Briefing: Meeting the Data Requirements of FRTB London

The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.

GUIDE

Entity Data Management Handbook – Fourth Edition

Welcome to the fourth edition of A-Team Group’s Entity Data Management Handbook sponsored by entity data specialist Bureau van Dijk, a Moody’s Analytics company. As entity data takes a central role in business strategies dedicated to making the customer experience markedly better, this handbook delves into the detail of everything you need to do to...