DTCC enhances its European GTR for SFTR
25 October 2017 New York
Image: Shutterstock
The Depository Trust & Clearing Corporation (DTCC) is enhancing its European global trade repository (GTR) in support of the upcoming Securities Financing Transactions Regulation (SFTR).
According to DTCC, the new bolstered SFTR offering will be a significant addition to the existing reporting capabilities affecting 45 regulators around the world who have access to GTR data.
SFTR, which will be implemented fully in 2019, will require in-scope firms to report securities financing transactions including repo, securities lending and margin lending trades to an authorised trade repository.
Chris Childs, head of derivatives and collateral, and president and CEO at DTCC, said: “DTCC’s GTR is the only user-owned, user-governed trade repository and has established itself as the market leader in trade reporting in Europe.”
“We will leverage this expertise to ensure our product remains the market benchmark while identifying best practices and economies of scale that benefit all of our clients.”
According to DTCC, the new bolstered SFTR offering will be a significant addition to the existing reporting capabilities affecting 45 regulators around the world who have access to GTR data.
SFTR, which will be implemented fully in 2019, will require in-scope firms to report securities financing transactions including repo, securities lending and margin lending trades to an authorised trade repository.
Chris Childs, head of derivatives and collateral, and president and CEO at DTCC, said: “DTCC’s GTR is the only user-owned, user-governed trade repository and has established itself as the market leader in trade reporting in Europe.”
“We will leverage this expertise to ensure our product remains the market benchmark while identifying best practices and economies of scale that benefit all of our clients.”
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