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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, with modules to support both banks and asset managers (large and small). 

We’re now progressing well with testing with clients already signed up.

For buy-side firms starting to look at their SFTR requirements with phase 3 due in October 2020 there is plenty of time to leverage our modular approach to support your reporting, whilst taking advantage of our unparalleled market coverage and functionality to help with UTI sharing. 

This includes;

  • Data validation – Real-time, early view of data quality issues
  • Data enrichment – Fills data gaps that you have
  • UTI generation & sharing – Generate, ingest and distribute UTIs, even if the counterpart is not on the platform
  • Agent Lender allocations – Near real time allocation information
  • Event generation – Creates the correct report / event type
  • ISO formatting – Transforms data into the required ISO standard
  • TR submission management – Submission to the TR of your choice

In addition,

  • Post trade automation – Prevents breaks and increases STP rates
  • Workflow – Effective breaks management to reduce time spent on breaks resolution

For more information www.pirum.com/sftr or contact us at SFTR@pirum.com

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