Access Fintech, the financial technology firm, has brought on Janus Henderson Investors’ Europe, Middle East and Africa (EMEA) arm to its solution for the Central Securities Depositories Regulation (CSDR).
CSDR aims to improve settlement rates in securities markets by imposing punitive measures on firms that fail to settle trades and is due to come into effect in February 2021.
Access Fintech offers a CSDR solution that builds on the foundations of its established Settlements Product and aims to allow clients to manage the entire lifecycle of in-scope transactions.
The fintech firm said that clients also benefit from real time insight into data from other stakeholders.
Janus Henderson Investors EMEA plans to complete the onboarding before the regulation comes into full force as there are “are potential benefits to managing daily risk before CSDR go-live dates,” explained Simon Clements, the firm’s head of global investment operations.
Clements added that “One of the greatest benefits will be the transparency and data sharing between multiple organisations, providers as we all recognise that as close to real-time data will be critical in the new world of CSDR.”
The global active asset manager is still finalising its exact model through the use of Access Fintech’s CSDR model, Clements says, adding: “What we will definitely be looking to use is the methodology it will provide by being inclusive between buy-side and sell-side organisations clients, order management systems, custodians, service providers and other market participants”.
Clements stated that Access Fintech’s solution was chosen as it will assist greatly in managing his firm’s clients and leverage its risk and workflow risk-rules capabilities.
Elsewhere, Access Fintech also recently enhanced its CSDR solutions attractiveness by partnering with Deutsche Boerse’s buy-in agent, Eurex Securities Transactions Services (Eurex STS), to create integration between their complementary regulatory services.
In May, the two firms confirmed that their mutual clients will be able to manage buy-ins via Eurex STS through the Access Fintech infrastructure, thereby minimising touchpoints, maximising efficiencies and ensuring a robust audit history against impacted trades, the firms explain.
