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Aaron Hallmark, Catena

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Catena extends SFTR reporting readiness with REGIS-TR connectivity

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Catena Technologies has completed early testing of its trade reporting platform with trade repository REGIS-TR for Securities Financing Transaction Regulation (SFTR) reporting. 

The partnership between Catena and REGIS-TR will enable financial institutions to use these platforms together to automate SFTR reporting to regulators in the required ISO 20022 format. Customers will also be able to report OTC derivative transactions to EMIR using this combined technology solution.

Catena’s TRACE Reporting is a software-as-a-service (SaaS) platform that manages a wide range of functional requirements for trade reporting, including cross-asset multi-jurisdiction determination, valuation and collateral reporting, pre-submission validation and reconciliation. It works together with trade repositories to submit information related to securities financing and derivatives transactions to regulatory bodies.

“REGIS-TR is pleased to partner with Catena to provide customers with a complete, end-to-end solution for SFTR reporting,” says John Kernan, head of Business Development and Product Management at REGIS-TR. “REGIS-TR’s extensive trade repository services, coupled with Catena’s award-winning trade reporting platform, will help our customers achieve SFTR compliance quickly and efficiently.”

SFTR reporting requires both financial and non-financial firms to report securities financing transactions to an EU-registered and approved trade repository on a T+1 basis. SFTR regulation will become effective on 11th April 2020 and will immediately apply to banks and investment firms. Subsequently, buy-side firms fall under the regulation in October 2020, and non-financial counterparties will need to begin reporting in January 2021. 

“We are excited to have achieved submission readiness for SFTR reporting so quickly,” says Aaron Hallmark (pictured), Chief Executive Officer of Catena Technologies. “By providing customers and partners with access to their trade repository now, REGIS-TR has enabled them to perform format validation testing early. This capability aligns well with Catena’s agile development approach and continuous delivery strategy. We look forward to working closely with REGIS-TR to help customers fulfill their SFTR reporting obligations.”

 

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