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Transfer to GTR with Ease

The European Securities and Markets Authority (ESMA) and Financial Conduct Authority (FCA) have issued guidelines on the transfer of data between Trade Repositories (TRs) within the European Market Infrastructure Regulation (EMIR) for OTC Derivatives and the Securities Financing Transactions Regulation (SFTR) for Securities Financing Transactions. The guidelines facilitate clients, reporting to a particular Trade Repository, to voluntarily be able transfer positions to a new Trade Repository of their choice. The guidelines also call out the approach to be followed by both the Trade Repositories to transfer positions and fulfil the client’s reporting requirements while maintaining the expected data quality and integrity provided to the authorities.

DTCC GTR SOLUTIONS AND SERVICES

DTCC is the industry’s trade reporting solution of choice for OTC and exchange-traded derivatives, serving approximately 80% of the global market. GTR supports reporting regimes in Australia, Europe, Hong Kong, Switzerland, Japan, Canada, Singapore, the U.K. and the U.S.

At DTCC, we ensure a smooth transition for firms who opt to leverage DTCC’s trade repository for their reporting needs. We understand the challenges firms face when going through the process of porting/transferring TR data to a new service provider and we want you to know that we are committed to supporting you every step of the way.

DTCC GTR Solutions and Services Tile

DTCC GTR Solution and Services

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Transfer Your Positions in 3 Easy Steps

SUBMIT A REQUEST
to your existing trade repository to transfer your positions to DTCC

TRANSFER TRADES
Your existing TR will work with DTCC to schedule the transfer of your positions

BEGIN REPORTING
Once your positions are transferred to DTCC, you can begin reporting

CLICK HERE to fill out the PRE-ONBOARDING QUESTIONNAIRE to onboard to GTR

TRANSFER TO GTR

The transfer process can be initiated by informing the existing TR of the intent to transfer positions to DTCC. Based on that request, both TRs will work together to align on the transfer date. Below are some of the key aspects to be handled by clients to ensure smooth transition:

  • Identify data to be transferred: Clients have to work with the existing TR to align and finalize the data that needs to be transferred to DTCC.
  • Registration: Onboarding must be completed at DTCC prior to the transfer date.
  • Data integrity: Data at the existing TR must be upgraded to the latest data standards (as mandated by the regulator), by using the latest schemas published, to avoid rejections. All updates/modifications to the data in scope for transfer must be performed by the day prior to the aligned transfer date.

Throughout the transfer process, DTCC will be in constant touch with the existing TR to ensure all aligned positions are getting transferred as well as ensure that unexpected issues are resolved at the earliest. Post successful transfer of the data, DTCC dedicated support team will send out all necessary communications to the client as well as regulators to confirm the receipt of data.

Clients wanting to transfer their data into GTR can reach out to our support team on [email protected].

Easy Onboarding

ACCESS SIMPLE SELF-SERVICE TOOLS

HELP WITH CROSS-BORDER REPORTING OBLIGATIONS

You can count on us to help you manage your cross-border reporting obligations through our Global Trade Repository (GTR), which provides trade reporting repositories in 22 jurisdictions.

ADDRESSING PRE & POST REPORTING NEEDS

In addition, we can support firms with more than just trade repository services. We can help alleviate the burden of pre and post trade activities with our award winning DTCC Report Hub® service which automates the complex data and operational requirements of securities financing transactions reporting. By using the complete DTCC Report Hub suite of capabilities you can improve operational efficiencies, reduce technology costs, and mitigate compliance risk.

OUR EXPERTISE. YOUR ORGANIZATION.

You can also tap into our deep post-trade expertise and leverage our DTCC Consulting Services. Our experts use our proprietary Reporting Control Framework Model to conduct a deep-dive diagnosis and propose an implementation plan to enable you to enhance your reporting processes, which can help you increase operational efficiencies, drive down costs and mitigate risks.

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