LCH selects UnaVista for SFTR-compliant TR
20 May 2019 London
Image: Shutterstock
LCH Group has selected UnaVista for its Securities Financing Technology Regulation (SFTR)-compliant trade repository.
UnaVista customers clearing through LCH’s RepoClear will be offered assisted reporting for SFTR.
Meanwhile, LCH Group’s collateral and liquidity management function will be using UnaVista for its SFTR reporting.
RepoClear members will have the option to allow UnaVista to flip aspects of LCH’s transaction and margin reporting to create a report from the member’s perspective.
According to LCH, this function will offer significant operational efficiencies and supports accurate transaction matching.
Bruce Kellaway, global head of RepoClear and Collateral, head of EquityClear, cited: “UnaVista is one of Europe’s largest regulatory reporting platforms for Markets in Financial Instruments and The European Market Infrastructure Regulation compliance and its significant experience in this field make it a natural fit for RepoClear.”
“As a result of this project with UnaVista, RepoClear’s members are now presented with the additional option of assisted reporting to handle and simplify their SFTR requirements for those trades they clear through LCH.”
Mark Husler, CEO UnaVista, added: “We are delighted that LCH’s RepoClear has chosen UnaVista for its SFTR reporting.”
“LCH’s collaboration with UnaVista will significantly simplify reporting obligations under SFTR for RepoClear members.”
UnaVista customers clearing through LCH’s RepoClear will be offered assisted reporting for SFTR.
Meanwhile, LCH Group’s collateral and liquidity management function will be using UnaVista for its SFTR reporting.
RepoClear members will have the option to allow UnaVista to flip aspects of LCH’s transaction and margin reporting to create a report from the member’s perspective.
According to LCH, this function will offer significant operational efficiencies and supports accurate transaction matching.
Bruce Kellaway, global head of RepoClear and Collateral, head of EquityClear, cited: “UnaVista is one of Europe’s largest regulatory reporting platforms for Markets in Financial Instruments and The European Market Infrastructure Regulation compliance and its significant experience in this field make it a natural fit for RepoClear.”
“As a result of this project with UnaVista, RepoClear’s members are now presented with the additional option of assisted reporting to handle and simplify their SFTR requirements for those trades they clear through LCH.”
Mark Husler, CEO UnaVista, added: “We are delighted that LCH’s RepoClear has chosen UnaVista for its SFTR reporting.”
“LCH’s collaboration with UnaVista will significantly simplify reporting obligations under SFTR for RepoClear members.”
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