Lombard Risk REFORM for transaction reporting goes live
20 March 2013 London
Image: Shutterstock
Lombard Risk Management’s REFORM for transaction reporting is now live, enabling firms to meet the 28 February Dodd-Frank regulatory deadline for FX, commodities and equity asset classes.
Dodd-Frank Title VII is regulation from the US Commodity Futures Trading Commission and the US Securities and Exchange Commission for the better management of OTC swaps markets.
Financial institutions are required to report details of specific trades to the appropriate trade repository and notify of any amendments for the duration of the trade.
Lombard Risk launched REFORM in July 2012 to meet these requirements. It also provides firms with real-time global transaction processing and reporting to multiple swap data and trade repositories, ensuring transparency of processes and keeping firms compliant.
Dodd-Frank Title VII is regulation from the US Commodity Futures Trading Commission and the US Securities and Exchange Commission for the better management of OTC swaps markets.
Financial institutions are required to report details of specific trades to the appropriate trade repository and notify of any amendments for the duration of the trade.
Lombard Risk launched REFORM in July 2012 to meet these requirements. It also provides firms with real-time global transaction processing and reporting to multiple swap data and trade repositories, ensuring transparency of processes and keeping firms compliant.
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