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Mar 27 2020

CEO message on our response to COVID-19

March 2020 Further to our earlier communication on 6th March 2020 and in light of the escalating global situation, I felt it appropriate to send out an update for all clients. Our business priority as a service provider, is to ensure the wellbeing and safety our staff and clients as well as continued business support […]

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Mar 19 2020

Update on Regulation Delay

SFTR Reporting 19 March 2020 IHS Markit and Pirum Systems acknowledge the 19th March announcement from ESMA to delay Phase 1 of SFTR reporting from April 2020 to July 2020. Together, we remain fully engaged with our clients and other market participants and will continue conducting end-to-end testing with each of the respective trade repositories. […]

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Feb 27 2020

Pirum launches CSDR fails cost reporting and enhances SSI enrichment service

12 months ahead of impending go live of CSDR Regulation, Pirum Systems launches a new CSDR fails report, enabling clients to determine the impact of CSDR on their securities finance business and the associated costs.

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Feb 17 2020

Pirum expands product strategy team with hire of new senior product manager

Pirum has further bolstered its product strategy team to meet the growth and demands seen across all areas of the business in the last year.

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Feb 5 2020

Pirum Systems launches IM Instruct to help with OTC Derivatives UMR

Pirum Systems launches IM Instruct to automate the instruction of Initial Margin (IM) to Triparty agents and Third-party custodians under Uncleared Margin Rules (UMR). This helps firms trading OTC Derivatives to manage the network of collateral venues and different operating models for posting and collecting reg-IM collateral as volumes grow exponentially with UMR phases V and VI.

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Jan 22 2020

Whitepaper – IM Instruction for UMR

Firms trading OTC Derivatives who are in scope for UMR need to manage the instruction of Initial Margin. As phases V & VI of UMR get ever closer, the number of IM instructions to Triparty agents and Third-party custodians will increase markedly from a few tens per day now, to potentially thousands by the end […]

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Jan 7 2020

Pirum and IHS Markit are supporting the roll out of SFTR from phase 1 to phase 4 firms

ESMA have now published their final report and further guidance on SFTR and importantly have confirmed the go-live date as 11th April for the first phase of firms to report (with reporting starting on the following working day).  Pirum and IHS Markit’s SFTR service provides a comprehensive end to end solution for all SFT products, […]

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Dec 9 2019

Marketing Manager

Pirum are recruiting for a Marketing manager to organise the delivery and execution of the Pirum marketing strategy. From website development to marketing activities and of course customer engagement. We are ideally looking for someone with an online marketing/ecommerce background as well as a strong copy writing experience. Pirum is a dynamic Financial Technology company […]

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Dec 4 2019

The ghosts of SFTR – a seasonal fable…

4th December 2019 As we near the end of the year and we focus on the festivities to come, it reminded us of the story of Scrooges visit from Marley and friends – the ghosts of Past, Present and Future. A fable of ghosts – over the course of three nights Scrooge was visited by […]

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Nov 26 2019

Pirum expands SFTR team with industry experts…

As go live date approaches, Pirum has further bolstered its SFTR team with hires of industry experts Glenn Baldwin, Payal Lakhani, James Cosh, and Pradeep Rana. Glenn Baldwin brings 15 years of securities finance expertise and joins from J.P.Morgan having also held roles at Goldman Sachs and eSecLending previously. Payal Lakhani adds a further 11 […]

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Nov 6 2019

IHS Markit and Pirum Systems add UTI Connect and more clients to joint SFTR solution

As Phase One of SFTR reporting approaches, IHS Markit and Pirum Systems continue to grow the client base for their joint SFTR solution – more than 60 firms have committed to use the platform, and they are now bilaterally testing its end-to-end services, including transaction and collateral reconciliation and reporting using ISO 20022 (XML) standard […]

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Oct 25 2019

In a SaaS of it’s own…

The SLT have published an Interesting article around the benefits of SaaS providers within securities financing on the use of SaaS in the industry.  Rajen Sheth, CEO at Pirum Solutions observes “The benefits of running a SaaS platform are clear for our clients and the industry in general.  Pirum have delivered services via the SaaS […]

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Oct 18 2019

SFTR

Pirum and IHS Markit’s SFTR service provides a comprehensive end to end solution for all SFT products, with modules to support your chosen reporting path and requirements.  This includes; – Data validation – Real-time, early view of data quality issues – Data enrichment – Fills data gaps that you have – UTI generation & sharing […]

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Sep 18 2019

(Italian version) Una cosa divertente è successa sulla strada per il Fora (e su cosa focalizzarsi)…

18 Settembre 2019 Mentre ero seduto ad uno dei tanti forum di settore qualche giorno fa, uno dei partecipanti ha usato il termine pluralizzato per il forum – ‘Fora’.  Insieme alla necessità di rispolverare il mio latino, questo mi ha fatto pensare allo sforzo nel settore di rivedere e valutare gli impatti che SFTR (Securities […]

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Sep 18 2019

(French version) A funny thing happened on the way to the fora (and what to focus on) …

18 Septembre 2019 Alors que je participais à l’un des nombreux forums de l’industrie l’autre jour, l’un des participants a utilisé le terme « Fora » pour designer le pluriel de forum.  En plus de devoir rafraîchir mon latin, cela m’a fait penser à l’effort dans l’industrie pour évaluer les impacts de SFTR sur les entreprises et […]

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Sep 5 2019

Help wanted: buy-side firm seeks CCP business model for securities lending – by Pirum CEO Rajen Sheth

CCPs for the buy-side in securities finance, long thought of as an elusive unicorn, are now coming to fruition in what may be the most important change to the industry in the modern era. The balance sheet benefits to the sell-side of lower RWA are well-known, but equally important is how the buy-side may come […]

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Sep 4 2019

How CCPs Work A Detailed Discussion with Pirum’s Jim Malgieri

In this RMA Journal Q&A, Jim Malgieri, a strategic advisor for the London-based financial service technology firm Pirum, speaks of the value, workings, challenges, and likely future of central counterparty clearinghouses. Malgieri was interviewed by Fran Garritt, RMA’s director of global markets risk. Malgieri’s comments are his own and do not necessarily reflect the views […]

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Aug 23 2019

A funny thing happened on the way to the fora (and what to focus on) …

23rd August 2019 Whilst sitting through one of the many industry forums the other day one of the participants used the pluralised term for forum – ‘fora’.  Along with the need to brush up on my Latin, this got me thinking about the effort in the industry to review and assess the impacts that SFTR […]

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Jul 23 2019

Pirum’s Simon Davies on achieving efficiency and regulatory compliance…

Achieving efficiency and regulatory compliance As the industry tackles the biggest challenges to its ecosystem since the financial crisis, Simon Davies of Pirum explains that new regulation, reduced income and increased competition all present headwinds The securities finance industry is currently grappling with what amounts to be the biggest challenge to its ecosystem since the […]

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Jul 23 2019

SFTR: less than a year to go

How can firms become compliant with SFTR ahead of its implementation date, which is just under a year away. Fabien Romero of IHS Markit and Simon Davies of Pirum explain… With Securities Financing Transactions Regulation (SFTR) due to go live in its first phase on 13 April 2020 there is now under one year for […]

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