Pricing Data > Securities FinanceSFTR Solution

IHS Markit has the pedigree and relationships to help the Securities Finance industry meet the rapidly approaching SFTR reporting challenge.

Customers

  • Securities finance
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  • Repo
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  • Asset Managers
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  • Sovereign Wealth Funds
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  • Pension Funds
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  • Securities Lending Traders
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  • Prime Brokers

Statistics

  • 10 Yearsof partnership
  • 3mtrades matched and processed daily

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Product summary

As part of the policies identified by the Financial Stability Board (FSB) to increase transparency across Securities Financing Transactions (SFTs), the European Union introduced the Securities Financing Transaction Regulation (SFTR). The regulation includes a number of new rules for market participants including a requirement to report all SFTs to an approved Trade Repository (TR). The trade-reporting regulation mandated under Article 4 of the draft SFTR legislation will compel the securities finance industry to radically restructure its data architecture, integrating numerous and often disparate, data sources to enhance transparency.

IHS Markit offers a fully hosted data and reporting solution for Securities Financing Regulations (SFTR) that sets an industry wide standard, providing the foundation needed to reconcile trading activity down to the Unique Trade Identifier (UTI) and Legal Entity Identifier (LEI) level of granularity. The SFTR solution will also offer participants turnkey connectivity to trade repositories.

This modular, fully hosted, solution leverages our proven track record of delivering industry wide reporting solutions and our 10 years of partnership with the securities lending community.

Ensure you will be in compliance with SFTR trade-reporting requirements, while receiving these benefits:

FEATURES

  • Trade warehouse

    A fully hosted database at the heart of the solution, this feature combines multiple data sources to provide a standardized golden copy of all securities financing trading and collateral activity, regardless of source.

  • Reconciliation engine

    In partnership with Pirum, the reconciliation engine offers a real-time module that compares not only trades and collateral but also creates the SFTR-mandated UTIs at the LEI level with a full audit trail of the process, including matching status reports.

  • Reporting solution

    A turnkey trade repository connectivity tool that will automatically deliver the in scope transactions to the chosen trade repository.

  • Analytics layer

    A framework for not only meeting immediate SFTR reporting requirement and future reporting legislation, but for also delivering a framework for unparalleled risk and transparency solutions.

Key Benefits

  • Built-in infrastructure and relationships

    Tap into the existing relationships that IHS Markit has built across the securities finance industry. Our network of data contributors, built over the last 10 years, represent $15 trillion of inventory held by over 120,000 underlying funds. We process and match over 3 million transactions daily using a reporting specification that already covers the majority of fields required by the latest draft of the SFTR legislation.

  • Flexibility

    Recognising the diverse nature of the market, a module solution caters for individual needs and structure. This approach delivers the required flexibility beginning with the data ingest architecture then continues onwards towards trade reporting to the preferred trade repository.

  • Future-proof compliance

    By building a solution with flexibility at its heart, the solution offered will also cater for future legislation, which might require transaction reporting, as well as any additional transparency/risk reporting framework that could be mandated across the securities finance industry.