UAT now live on EquiLend/Trax platform 09 May 2019London Reporter: Maddie Saghir
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Participants in the Delta Capita consortium for the industry-wide user acceptance testing (UAT) can now start testing on EquiLend and Trax’s platform, a source has confirmed.
Delta Capita revealed on 8 May that it had formed an industry working group to mutualise the costs of preparing for the Securities Financing Transactions Regulation (SFTR).
The industry participant explained that "UAT is critical". The solution that EquiLend/Trax already have is now a copy in the UAT test environment.
The source added that anyone who participates in the Delta Capita consortium for the industry-wide UAT testing can do that testing on the EquiLend/Trax platform as of now.
The source said: “This is a huge advantage because the UAT stage is mainly when the most issues occur and the earlier they are resolved the better."
The Delta Capita working group includes prime brokers and agent lenders and is in active discussions with the industry trade associations, service providers and trade repositories.
The new working group got the backing of the International Securities Lending Association’s CEO Andy Dyson, who said: “ISLA will support this initiative and work with it wherever we can.
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