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Dec 12, 2018 • Press Releases

DTCC Offers One-Stop Solution for Securities Financing Transactions Reporting

DTCC’s Global Trade Repository to add data transformation capabilities, powered by Xceptor

New York/London/Hong Kong/Singapore/Sydney, December 12, 2018 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that it has partnered with Xceptor, the leader in data-centric intelligent automation software, to enable clients to leverage Xceptor’s data transformation capabilities within DTCC’s Global Trade Repository (GTR) for Securities Financing Transactions Regulation (SFTR). The partnership will significantly lessen firms’ operational burden by enabling them to enrich, normalize and validate data before submitting it to a trade repository. Firms will be able to enrich reporting with both internal and external reference data, manage exceptions leveraging native workflows, and benefit from real-time gap analysis and testing.

"With data being one of the main challenges of the SFTR obligations, DTCC provides clients with the ability to capture and normalize any data format from any channel and intelligently connect the right data, in the right format, at the right time," said Val Wotton, Managing Director, Product Development & Strategy, Derivatives & Collateral Management, DTCC. "Our partnership with Xceptor will enable firms to significantly streamline their operational processes and help simplify the SFTR compliance process. We look forward to helping the industry prepare for SFTR in 2020."

"SFTR places a huge importance on data quality and, with low reporting tolerances, the self-serving capabilities of the DTCC service, powered by Xceptor, will enable firms to get their data into shape while also being able to use existing trade file formats," said Andrew Kouloumbrides, CEO, Xceptor. "End-of-day books and records reconciliation is also native to the new service ensuring that clients have full transparency of their submissions."

"DTCC is excited to be partnering with Xceptor to simplify the SFTR reporting process," said Marisol Collazo, Managing Director, Business Development and Global Head of Strategic Partnerships, DTCC. "We will continue to explore other opportunities with Xceptor to leverage its capabilities across our platform."

DTCC created its first trade repository, the Trade Information Warehouse (TIW), in 2003 for over-the-counter (OTC) credit derivatives lifecycle processing. Today, GTR has become the largest trade repository in the world, processing 40 million open positions per week, and more than one billion messages per month for over 100,000 entities – brokers, buy-side firms and corporates in seven jurisdictions across 35 countries. More than 60 regulators around the world have access to GTR data, consistent with their regulatory privileges in each jurisdiction.

Note to Editors

In recent months, DTCC has published papers on the opportunities to continue enhancing financial stability 10 years after Lehman’s insolvency as well as SFTR’s industry impacts and the role of trade repositories. We also announced agreements with many technology firms, including Broadridge, EquiLend, FIS Global, IHS Markit, Murex, Pirum, RegTek.Solutions, SimCorp and Trax, to support our mutual clients with forthcoming SFTR obligations.

About DTCC

With 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to financial markets. In 2017, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $1.61 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at U.S. $57.4 trillion. DTCC’s Global Trade Repository service maintains approximately 40 million open OTC positions per week and processes over one billion messages per month through its group of licensed trade repositories.

About Xceptor

Xceptor is a leader in data-centric intelligent automation software. As an AI-enabled automation solution, Xceptor deploys the best automation technology for the process at hand. We automate the complex. Simply. We intelligently connect the right data, in the right format, at the right time. We capture and transform data; overhaul and optimize processes. With over 55 clients in more than 20 countries, Xceptor is at the heart of the revolution that is intelligent automation.

Adam Honeysett-Watts


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Eric Hazard, Vested
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Harriet Leatherbarrow, Greentarget
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Yuri van der Leest, Teneo Strategy
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Emma Cullen-Ward, OneProfile
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Additional Information

Learn more about DTCC

Learn more about DTCC’s Trade Information Warehouse.

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