Platinum Asset Management has implemented Catena Technologies TRACE Reporting solution to help it meet European Market Infrastructure Regulation (EMIR) requirements.
Australia-based Platinum will be using the solution to meet the OTC derivatives transaction reporting requirements which are stipulated in EMIR. In addition to this, the asset manager will enhance its lifecycle reporting which is being enforced by Australian regulators in July 2019.
The TRACE Reporting solution is a SaaS-based 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 Securities Financing Transactions Regulation (SFTR).
By using the TRACE system, financial institutions are able to report both OTC derivatives and exchange-traded transactions to regulators around the world through trade repositories, approved reporting mechanisms (ARMs), and approved publication arrangements (APAs).
The system manages the end-to-end reporting and reconciliation workflow by automatically capturing, calculating, enriching, transforming and submitting the required information to trade repositories. In addition to this, it can reconcile trade repository data with a firm’s in-house and external data sources to provide improved analytics and improve operations.
Catena CEO Aaron Hallmark said, “We are pleased to extend value that TRACE provides to Platinum Asset Management by extending it to address their European trade reporting requirements and Australian lifecycle reporting needs.
“Catena’s commitment to support changing as well as new trade reporting requirements, such as SFTR, enables customers to use a single, strategic platform to address all their trade reporting needs and dramatically reduce the cost of ongoing compliance.”
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