A New Regime
The European Commission’s Securities Financing Transactions Regulation (SFTR) adds another layer to ever-evolving, more stringent and complex trade and transaction reporting requirements. SFTR increases the reporting burden and risk of compliance breaches that counterparties already face.
Trades In Scope
- Securities and commodities lending and borrowing
- Repurchases
- Buy/sell-backs and sell/buy-backs
- Margin lending
Eligible Counterparties
- European Union (EU) counterparties
- Non-financial counterparties
- Financial counterparties
- Any branches of EU entities domiciled outside the EU
- Any branches of non-EU entities located in the EU
Life Cycle Events
- Counterparties must report SFT details to trade repositories (TRs) within a T+1 timeline
- Conclusion, Modification, Termination
Questions to Consider
- Are we technologically prepared to automate all TR submissions, including delegated submissions?
- Can our data collection, validation, enrichment, and submission process scale to accommodate SFTR?
- Is our infrastructure equipped to accommodate yet another trade and transaction regulation regime?
- Can we integrate our current regime processes to achieve transparency and reduce resource burdens for reporting submissions?
- Is our approach to addressing the reconciliation of unpaired and unmatched trades efficient and in line with industry best practices?
Need to replace CME NEX Abide, Deutsche Börse or other hubs?
Flexible & Transparent
AxiomSL’s flexible, regime-agnostic, and transparent Securities Financing Transactions Regulation (SFTR) solution provides counterparties with a seamless process to comply with reporting requirements.
Running on AxiomSL’s data integrity and control platform, ControllerView®, the SFTR solution enables counterparties to manage all data collection, validation, enrichment, and submission requirements in one place.
Capabilities
Running on ControllerView the solution:
- Delivers comprehensive trade and transaction reporting for all global reporting requirements
- Provides a single, regime-agnostic exception management capability
- Web-based and deployable on AxiomSL’s secure RegCloud™
- Automatically identifies all in-scope SFTR transactions and produces regulatory reports
- Enables a fully auditable and traceable resolution of trade exceptions
- Facilitates visibility of the end-to-end life cycle of reported trades
AxiomSL’s End-to-End SFTR Solution
A flexible, regime-agnostic, and transparent solution provides counterparties with a seamless process to comply with SFTR reporting requirements.
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For more information about AxiomSL’s SFTR Solution, download the PDF.
A Regime-Agnostic Trade and Transaction Reporting Solution
As the list of trade and transaction regimes keeps growing, including SFTR, MiFID, Dodd Frank, EMIR, MAS, ASIC, and FinfraG, we invite you to view a short video introducing AxiomSL’s strategic trade and transaction solution that positions counterparties to scale reporting and adapt quickly to regulatory changes in the age of COVID-19.
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