Financial Services Securities Finance

SFTR Solutions: Securities Financing Transactions Regulation

Meet your SFTR (Securities Financing Transactions Regulation) reporting obligations with full end to end regulatory reporting solutions

What is SFTR?

As part of the policies identified by the Financial Stability Board to increase transparency across securities financing transactions (SFTs), the EU introduced the Securities Financing Transaction Regulation (SFTR). The SFTR includes new rules compelling market participants to report all SFTs to an approved trade repository and radically restructure their data architecture – integrating numerous and often disparate, data sources to enhance transparency. Financial counterparties, non-financial counterparties, EU-based entities including their non-EU-based branches, and non-EU entities where the transaction is concluded by an EU-based branch must all comply.

How IHS Markit can help you comply with SFTR

SFTR Reporting:

In partnership with Pirum Systems, we offer a fully hosted data and end-to-end reporting solution for SFTs providing turnkey connectivity to trade repositories. Our SFTR solution provides the foundation needed to reconcile trading activity down to the UTI and LEI level of granularity, setting an industry wide standard. Covered transactions include: repo/reverse repo and buy/sell back; securities loans and borrows; commodities loans and borrows; prime brokerage margin lending transactions and collateral re-use.

Download: SFTR Product Brochure

SFTR Insights:

Now that SFTR reporting is live, the reporting community is realizing that it is not just about reporting anymore. Regulatory reporting of SFTs is complex and financial institutions want to leverage their reporting data within their business workflows. Yet the large volumes of complex data generated by SFTs reporting makes monitoring challenging. With SFTR Insights, multiple business functions within your organization can review and analyse their reporting information; external and internal clients can gain access to clear, relevant and timely reports; and you have the ability to benchmark your regulatory reporting performance against your relevant peers. This leading-edge analytics warehouse is combined with a cloud-based Business Intelligence platform that is fully integrated into the IHS Markit SFTR portal, providing an easy way for you to visualize and access all your SFTR related data.

Download: SFTR Insights Product Summary

How IHS Markit can help you comply with global transaction reporting

Following the acquisition of Cappitech and leveraging our existing regulatory reporting platforms, IHS Markit is committed to delivering a flexible, future-proof regulatory reporting solution that meets the fast-evolving needs of our clients, no matter the jurisdiction or regulation.

Learn more about our Integrated Reporting Solution

Learn more about Cappitech

Why IHS Markit?

Modular Construction

Flexibility to meet your individual needs and structure

Real Time Processing

Data feeds, processing amendments, enrichment and matching in real time

Dedicated Support

Seamless integration and implementation with a dedicated contact

Full End-to-End Solution

Complete solution for SFT reporting and data retention

Connectivity

Connected to every trade repository

Regulation Coverage

Single solution to cover both SFTR and MiFID regulations

SFTR Reporting Timeline

Awards

SFTR FAQ

What is the SFTR regulation?

Europe’s response to the Financial Stability Board’s desire to increase transparency across securities financing markets is called Securities Financing Transaction Regulation (SFTR). SFTR Article 4 requires market participants to report all Securities Finance Transactions to an approved trade repository. To do this, firms have been required to radically restructure their data architecture; integrating numerous and often disparate data sources and promptly exchanging trade information with counterparties in an unprecedented way.

Which firms are impacted by SFTR?

Who is covered?

EU based entities including their Non-EU based branches
Non-EU entities where the SFT is concluded by an EU based branch
Financial Counterparties (FCs) and Non-Financial Counterparties (NFCs)

Does SFTR cover repo trades?

New trades and any lifecycle events in each of these transaction types must be reported within one day of agreement:

Repo/Reverse Repo and Buy/Sell back trades
Securities loans and borrows
Commodities loans and borrows
Prime brokerage margin lending transactions

When is SFTR go-live?

Which firms are impacted by SFTR Phase 3 go-live?

Asset Managers, Insurance Companies, UCITS and Pension Funds

Experts

Que-Phuong Dufournet-Tran

She is specialised in data management and previously worked in regulatory projects implementation with several financial institutions in Paris, Hong-Kong and London on EMIR, MIFID, MAR, SFTR. She is a CWG member of the ESMA Secondary Markets Standing Committee.

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Fabien Romero

He has an extensive international experience in Securities Finance. Mr Romero spent ten years at Commerzbank AG London in Securities Finance trading prior to joining the firm in August 2017. He previously worked in Paris and Tokyo for various Securities Finance firms.

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Pierre Khemdoudi

Mr. Khemdoudi's responsibilities include securities finance data and regulatory reporting, ETF and index aggregation (DeltaOne), and dividend forecasting. He has a proven track record in securities finance and DeltaOne internationally, delivering customizable, timely and accurate solutions for the investment management community. Mr Khemdoudi spent ten years at BNP Paribas Arbitrage in a number of senior positions across Paris, New York, Tokyo and London prior to joining IHS Markit (previously Markit) in February 2013. These included, head of London securities finance trading and head of Tokyo securities lending. He began his career working in aerospace engineering.

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Gargi Nagar

Gargi has been working with IHS Markit for more than 12 years. Currently she is responsible for managing our operations and providing seamless service to clients.She manages a full stack team comprising research, operations and technology and client onboarding. She works with clients to ensure that their data is timely ingested and reported to the trade repository and ensures that client queries are managed in an efficient and timely manner for issues related to the contributed content accuracy, until resolution. Gargi collaborates with our project partners across regions to drive changes in our solutions.Prior to taking on the SFTR challenge, Gargi led MSF's data onboarding team and was lead for building out our India office. She had started her career with Loan Pricing product as Research analyst within IHS Markit that provides independent pricing and market data to help financial institutions manage risk and operations effectively. She was instrumental in growing the team and improving the quality of output from our India office.Gargi holds a Bachelor of Business Administration degree from Institute of Management Education from CCS University , Uttar Pradesh and Post Graduate in Finance and Marketing from Institute of Marketing & Management, New Delhi.

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Sahil Nangia

In his current role in Securities Finance Transaction Regulation Solution, he oversees day to day operations to ensure effective delivery of reporting service to its customers by engaging regularly with the key stakeholders of the SFTR Solution. He leads internal client discussions to review their daily activity and identifies gaps and suggests enhancements to the solution. He also plays an active role within the design team to ensure seamless implementation of new enhancements to the SFTR Solution. He works closely with various project teams globally and ensures business operations readiness to contribute in smooth delivery of new product releases. Sahil has led the onboarding of some major Tier 1 and 2 clients in the securities finance industry and is the single point of contact for them for all their queries. His in-depth knowledge of the service offering has made him the Go-To person for majority of the people within SFTR Solution.He has previously worked with UBS Investment Bank, North America Region Middle Office, supporting front to back office trading of US Treasuries and assisting the Repo desk. Sahil started his career in sales with one of the telecom network provider - O2, which helped him enhance his skills in building good client relationships and enhancing company's rapport amongst various stakeholders. With his optimistic attitude and strong work ethics, he has inspired his co-workers to set higher goals and deliver on them.Sahil holds a Bachelor of Business Administration degree specialised in Banking and Insurance, Port Graduate in International Business Practices from St Mary's University College, Twickenham, London, and Master of Science Degree in International Management from University of Reading, UK.

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