Regis-TR to collaborate with EquiLend and Trax
02 August 2018 London
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Regis-TR is to collaborate with EquiLend and Trax on Securities Financing Trading Regulation Reporting (SFTR) solutions.
Through the collaboration, they will provide an end-to-end reporting solution for SFTR requirements.
EquiLend and Trax offer a joint solution that provides firms with access to a single regulatory reporting hub, point-of-trade matching, exception management, and lifecycle management.
According to Regis-TR, this allows firms to obtain a post-repository match to help ensure accurate reporting and efficient exception management processing.
Additionally, firms will be able to choose from an assisted reporting solution.
Meanwhile, they will also be able to route the data themselves to their trade repository or a fully delegated reporting solution.
From here, reports are generated and forwarded to the trade repository of choice, Regis-TR revealed.
Irene Mermigidis, co-managing director of Regis-TR, said: “We have received significant demand from participants who intend to use the EquiLend and Trax SFTR solution.”
“Their combined expertise in securities lending and repo trade confirmation has resulted in a fully comprehensive service covering all SFTR eligible asset classes.”
She continued: “The data enrichment and matching services should provide participants with higher levels of data quality upstream of Regis-TR, reducing exception management overheads and ensuring higher levels of regulatory compliance.”
Laurence Marshall, managing director of EquiLend Europe, commented: “Trade repositories like Regis-TR provide the final and complementary step in our end-to-end reporting solution.”
“Their regulatory reporting prowess as one of the largest trade repositories in Europe, together with their strong pedigree as a trade repository with securities lending, repo and collateral management expertise, means that we can deliver our mutual clients a frictionless, fully interoperable solution.”
Christopher Smith, head of Trax, added: “We have been working closely with industry participants to ensure that we have a complete solution to help firms be compliant with SFTR.”
“The aim of the collaboration with Regis-TR is to further emphasise the value of this joint solution and the value it will bring to the market ahead of the SFTR go-live.”
Through the collaboration, they will provide an end-to-end reporting solution for SFTR requirements.
EquiLend and Trax offer a joint solution that provides firms with access to a single regulatory reporting hub, point-of-trade matching, exception management, and lifecycle management.
According to Regis-TR, this allows firms to obtain a post-repository match to help ensure accurate reporting and efficient exception management processing.
Additionally, firms will be able to choose from an assisted reporting solution.
Meanwhile, they will also be able to route the data themselves to their trade repository or a fully delegated reporting solution.
From here, reports are generated and forwarded to the trade repository of choice, Regis-TR revealed.
Irene Mermigidis, co-managing director of Regis-TR, said: “We have received significant demand from participants who intend to use the EquiLend and Trax SFTR solution.”
“Their combined expertise in securities lending and repo trade confirmation has resulted in a fully comprehensive service covering all SFTR eligible asset classes.”
She continued: “The data enrichment and matching services should provide participants with higher levels of data quality upstream of Regis-TR, reducing exception management overheads and ensuring higher levels of regulatory compliance.”
Laurence Marshall, managing director of EquiLend Europe, commented: “Trade repositories like Regis-TR provide the final and complementary step in our end-to-end reporting solution.”
“Their regulatory reporting prowess as one of the largest trade repositories in Europe, together with their strong pedigree as a trade repository with securities lending, repo and collateral management expertise, means that we can deliver our mutual clients a frictionless, fully interoperable solution.”
Christopher Smith, head of Trax, added: “We have been working closely with industry participants to ensure that we have a complete solution to help firms be compliant with SFTR.”
“The aim of the collaboration with Regis-TR is to further emphasise the value of this joint solution and the value it will bring to the market ahead of the SFTR go-live.”
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