Staying ahead of the curve with DTCC’s GTR on Securities Financing Transaction Reporting
In January 2014 the European Commission published a proposal to regulate Securities Financing Transactions (SFTs) as a way to increase the transparency of the Securities Financing markets.
From Q4 2018, Securities Financing Transactions Regulation (SFTR) will set new reporting obligations that will impact securities lending, repo, and margin financing transactions.
Who has to report?
SFTR will apply to legal entities established in the EU (including all of their branches, irrespective of where they may be located).
SFTR will have a wider impact as it may also apply to all counterparties to an SFT with a branch in the EU.
Who do you report to?
SFTR is an entirely new regulation but the reporting obligation is structurally similar to EMIR and requires that submissions are made to a Trade Repository.
Being the largest trade repository with over 6000 customers globally, GTR will be entering the securities financing market as a registered Trade Repository. Being industry owned, GTR provides one of the most cost efficient methods for our customers to meet their regulatory requirements for SFTR.
For further information please email our sales team at SFTR@DTCC.COM. To learn more about how DTCC can help mitigate the impact of SFTR, please visit www.dtcc.com/sftr