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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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Jul 3 2019

Delta Capita, Pirum Systems and IHS Markit Align on Quality Assurance Testing for SFTR

APPROVED FOR RELEASE BY ALL PARTIES v1.1 FINAL Delta Capita, Pirum Systems and IHS Markit Align on Quality Assurance Testing for SFTR London, 2 July 2019 – Delta Capita, the international business & technology consulting and managed services firm, Pirum Systems and IHS Markit, announced today they will cooperate with an industry testing consortium to […]

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Jun 21 2019

Pirum in the Americas – An evolving company in complex times…

An interview with Nancy Steiker – Head of Business Development – Americas Pirum has been servicing North American based clients for many years. As the need for automation becomes more important in the Securities finance market, Pirum’s expansion into the North American market is well positioned and timed to help clients improve their daily processes. […]

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Jun 18 2019

Pirum expands its CCP Gateway service to Agent Lenders for Fixed Income & Equity clearing

Pirum expands its CCP Gateway service to Agent Lenders for Fixed Income & Equity clearing. The trade, which was executed by BNY Mellon on behalf of a pension fund client, originally faced Morgan Stanley as counterparty, the transaction, however, was ultimately cleared at Eurex, CCP, via Pirum’s CCP Gateway service. This transaction represents a major […]

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Jun 18 2019

Full end-to-end SFTR reporting test with Rabobank and DTCC

Pirum and IHS Markit are pleased to announce that we have run a full end-to-end SFTR reporting test for Repo with Rabobank and DTCC.  Allowing firms to capture the relevant report event / action combination and send this for successful submission to the TR. The testing included data ingestion, enrichment, validation, UTI creation, report creation […]

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May 29 2019

#1: SFTR blog ‘Testing,Testing, 1,2,3…’

29th May 2019 Simon Davies As a new starter to Pirum, I’ve been asked a lot of questions over the last few weeks both within our firm and from our clients, some of the bigger picture ones have included: How ready are we for go live?  How ready is the market for SFTR?  Everyone is […]

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May 3 2019

Securities finance technology symposium 9th May 2019

As firms grapple with the challenges of new regulation, increasing costs and the desire for transparency and efficiency in their data handling, the need to integrate and connect with counterparts, venues and service providers in a seamless cost-efficient way is greater than ever.  At Pirum we can help. Pirum is pleased to be sponsoring this […]

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Mar 21 2019

2019 – A Regulatory Red-Letter Year?

By Phil Morgan, Chief Operating Officer at Pirum Years that end in a “9” have a habit of being eventful. More particularly, they tend to be years of sea change. 1789 was the year of the French Revolution. The Peterloo massacre, a defining moment in British history, took place in 1819. The year 1939 requires […]

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Jan 29 2019

US Domestic Tri-Party Connectivity

Pirum extends North American offering with US Domestic Tri-party connectivity Pirum has recently globalized it’s tri-party connectivity service. By building on its existing real time connectivity to the 4 international tri-party agents (BNY Mellon, Clearstream, Euroclear & JP Morgan), Pirum is now able to assist clients in calculating and instructing collateral requirements (RQV) for US […]

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Jan 7 2019

Are Brains Blocking Business Change?

Written by Dr Patrick McCreesh of Simatree working alongside Pirum An organisation is only as good as its ability to evolve in today’s fast-changing environment. For most organisations this ability is directly linked to the ability of business leaders to understand change and help people adjust. An organisation changes one person at a time, but […]

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Nov 5 2018

Finadium Rates & Repo Conference: 5th November 2018 – New York NY

This year’s Finadium Rates & Repo Conference was well attended, with over 140 delegates including Banks, Hedge Funds, Beneficial Owners, Vendors and Infrastructure Providers. Panelists agreed that in recent years, there has been an increased blurring of siloed roles between securities lending and repo teams as firms strive for internal cooperation.  Firms have increasingly turned […]

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