NRI achieves FSB compliant data reporting for repos and sec lending
05 March 2019 Tokyo
Image: Shutterstock
Nomura Research Institute (NRI) has updated its I-STAR/CORE for the international Financial Stability Board (FSB)’s standards and processes for global securities financing data collection and aggregation.
The new system updates were complete and NRI started offering the service as of 4 January.
As part of the update, users can now set different collateral management and contract details according to each user company, client and trade.
It also allows users to report automatically in compliant with the FSB’s guidelines.
FSB’s Standards and Processes for Global Securities Financing Data Collection and Aggregation, published in November 2015, defines the data elements for repos, securities lending and margin lending that national and regional authorities are asked to report as aggregates to the global aggregator to detect financial stability risks and develop policy responses.
Required data reporting includes trading details such as date and price, collateral market price, counterparty details, type of contract, and trading purposes.
Masaaki Yamazaki, managing director of NRI, said: “NRI is consistently working to assure that our solutions and services meet the latest compliance standards across international marketplaces.”
“Our development team is committed to assuring that our partners and customers in the securities sector are able to maintain the highest standards of collateral and contract management.”
The new system updates were complete and NRI started offering the service as of 4 January.
As part of the update, users can now set different collateral management and contract details according to each user company, client and trade.
It also allows users to report automatically in compliant with the FSB’s guidelines.
FSB’s Standards and Processes for Global Securities Financing Data Collection and Aggregation, published in November 2015, defines the data elements for repos, securities lending and margin lending that national and regional authorities are asked to report as aggregates to the global aggregator to detect financial stability risks and develop policy responses.
Required data reporting includes trading details such as date and price, collateral market price, counterparty details, type of contract, and trading purposes.
Masaaki Yamazaki, managing director of NRI, said: “NRI is consistently working to assure that our solutions and services meet the latest compliance standards across international marketplaces.”
“Our development team is committed to assuring that our partners and customers in the securities sector are able to maintain the highest standards of collateral and contract management.”
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