06.04.2019

DTCC Inks SFTR Deal with Three Global Banks

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Barclays, Goldman Sachs and J.P. Morgan will use DTCC’s multi-award winning Global Trade Repository (GTR) service, offered by its Repository and Derivatives (RDS) division, in order to meet their regulatory obligations under the European Securities Financing Transactions Regulation (SFTR), which are anticipated to take effect in April 2020.

“DTCC is committed to serving clients, and creating opportunities to protect the stability and integrity of the global financial system – such as readying the industry for regulatory mandates, including SFTR,” said Val Wotton, Managing Director, Product Development & Strategy, Repository and Derivatives Services & Collateral Management at DTCC. “Barclays, Goldman Sachs and J.P. Morgan are valued clients, and we’re delighted to be working with them in the securities financing arena to achieve the transparency and risk mitigation that the G20 intended.”

Leveraging the GTR infrastructure, DTCC’s solution supports all product types to be reported under SFTR, including repo and reverse repo, securities and commodities lending and borrowing, sell/buy-back, buy/sell-back and margin lending and borrowing. In addition to supporting the core trade repository requirements, our value-added services, such as data transformation tools and consulting services, allow DTCC to offer a solution for SFTR. DTCC’s GTR now supports EMIR, FinfraG and SFTR regulations from a single global platform through its London-based registered trade repository.

Related articles

  1. MSRB-like anti-pennying guidance may be coming to corporate bonds.

  2. SEC Seeks to Modernize Buy-Side Reporting

    Crypto markets may be on the hook for investment advisory responsibilities.

  3. Euronext Focuses on Best Execution

    A prescriptive approach raises more issues than it would solve, say experts.

  4. The 0.1% tax on trades and margin payments is winding its way through Congress.

  5. European Commodity ETFs Have Record Inflows

    One online joke may have set back approval for crypto-based derivatives.