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

SmartStream RDU Releases SFTR Security Reference Data Service

Subscribe to our newsletter

The SmartStream Reference Data Utility (RDU) has extended its offering with a cloud-based security reference data service designed to simplify and enable firms to meet the EU’s Securities Financing Transactions Regulation (SFTR) requirements.

SFTR requires banks and investment firms to start reporting securities financing transactions (SFTs) to a registered trade repository beginning April 14, 2020. Each transaction report must include the details of the transaction, the counterparties and the specifics of the security involved.

To provide an accurate, comprehensive and easy-to-access means of obtaining the information, the SmartStream RDU acquires instrument reference data from a broad range of industry sources. It then normalises, enriches and maps this information into the format required by SFTR and makes it available via a simple, cloud-based API. Data is updated daily and five years of history is retained and accessible for back-loading, corrections and effective audit controls.

Peter Moss, CEO at the SmartStream RDU, says: “Although ESMA’s reporting guidelines have yet to be fully finalised, proactive firms will be planning carefully how best to meet SFTR reporting obligations. SFTR transaction reports are complex and most firms have been focusing on capturing the details of the transaction, creating a UTI and ensuring that they have the necessary counterparty details. Our goal is to remove the complexity from sourcing high-quality reference data and enable firms to focus on managing their business”.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Transparency in Private Markets: Data-Driven Strategies in Asset Management

As asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency, disparate sources and lack of standardization. Without reliable access, your firm may face inefficiencies,...

BLOG

Basel III / FRTB: One Framework, Multiple Timelines, Mounting Pain for Global Firms

For much of the past decade, Basel III has been discussed as a global regulatory reform programme moving at uneven speed, but broadly in the same direction. The UK Prudential Regulation Authority’s confirmation of its Basel 3.1 timetable brings welcome clarity for firms operating in the UK market, yet it also underlines a deeper reality:...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook – Fifth Edition

In response to the popularity of the A-Team Regulatory Data Handbook, we have published a fifth edition outlining the essentials of regulations that are likely to have an impact on data and data management at your organisation. New to this edition is a section on RegTech, covering drivers behind the development of innovative regulatory technology,...