Simon Davies, SFTR SME, Senior Consultant
Firms impacted by Securities Financing Transactions Regulation (SFTR) have much work to do in advance of its expected implementation in 2020. This includes the selection of an authorized trade repository to report their securities financing transactions (SFTs). In a podcast with DTCC Connection, Simon Davies, SFTR SME, Senior Consultant at The Field Effect and author of the recent paper Addressing SFTR's Industry Impacts: The Vital Role of Trade Repositories, discusses the importance of choosing the right trade repository for compliance and outlines the questions firms should be asking during the selection process.
Once authorized as trade repositories for SFT reporting in both the European Union (EU) and UK, DTCC’s Global Trade Repository (GTR) will help clients meet their SFTR reporting obligations. By leveraging GTR’s infrastructure and offering competitive pricing, DTCC will support all asset classes to be reported under SFTR including repo and reverse repo, securities and commodities lending and borrowing, sell/buy-back, buy/sell-back, margin lending and borrowing. In addition to supporting the core trade repository requirements, we are also offering additional services to enrich, transform and validate client data before submitting to a trade repository. To learn more read the overview.