Catena Technologies has extended its collaboration with UnaVista to help companies comply with reporting requirements related to the upcoming Securities Financing Transactions Regulation.
Catena’s customers will now be able automate trade reporting submission and post-submission reconciliation for SFTR. Catena will use UnaVista’s trade repository service to submit securities financing transactions information to the various regulators.
SFTR is set to come into force on 11th April 2020 and will require financial and non-financial entities to report their securities financing transactions to an EU-approved trade repository.
Catena offers its TRACE Reporting software-as-a-service platform which manages a variety of processes for trade reporting, including cross-asset coverage, valuation and collateral reporting, reconciliation, and multi-jurisdiction support. It can be used to meet compliance with legislations including ASIC, CFTC, EMIR, HKMA, MAS, MiFID II, and SFTR.
“Our collaboration with UnaVista provides customers with a simple and straightforward way to implement SFTR reporting,” said Catena chief executive officer Aaron Hallmark.
“Avoiding complexity in reporting solutions is important for keeping SFTR implementation and operational costs manageable. Likewise, it is beneficial for customers to be able to address each of their SFTR, G20, and MiFID II trade reporting needs together in a single, integrated solution.”
Earlier this year, Swedish bank Skandinaviska Enskilda Banken (SEB) chose the Depository Trust & Clearing Corporation (DTCC) to meet its SFTR regulatory requirements.
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