The Securities Financing Transactions Regulation SFTR
Under this service, MAP FinTech, on behalf of the client, reports the execution details of each SFTR Reportable Transaction and of any modification, update or termination to a TR within the timeframes set by the SFTR Legislation. Via this service, MAP FinTech also maps all contractual data with the technical requirements mandated by the SFTR Legislation. MAP FinTech will maintain and update the pertinent fields to reflect the latest SFTR transaction reporting requirements.
Challenges
- Analysis and interpretation of complex SFTR regulation and TR requirements
- Various transaction types (Repo, Buy-Sell Back, Securities Lending, Margin Lending) and action types (Daily Valuation and Collateral Updates, etc.) to be reported
- Dedicated resources for technology, infrastructure and regulatory aspects
- Extra effort, time and costs required
- Complicated multilevel XML files
- Strict technical specifications with minimum to zero tolerance in field matching
Risks
- Lack of expertise that might lead to errors in your reporting
- Missing regulatory updates that may affect your reporting
- Limited capacity for daily reporting monitoring and meeting the requirements
Key Features
- Scalable solution that can report as many transactions as you have
- User-friendly portal to help you report the necessary information and routinely monitor your reporting
- Comprehensive field, data and entity mapping capability
- Multiple reporting health checks (validations) for both content and schema
- Automatic conversion of data to XML
- TR connectivity and support covering all types of transactions and action types
- On-going communication with regulators to ensure the system reports reflect regulatory updates and changes
Benefits
- Technology optimization
- Integrated dashboard that provides a holistic view of all reports
- Comprehensive regulatory reporting IT infrastructure resulting in long term cost efficiencies
- Cost-efficient integrated reporting solution provided under a single platform
Solution Includes
- A team of specialists that will set up the service and provide necessary training
- SFTR training throughout the implementation process to ensure that key personnel understand the regulation and process
- Support to answer any queries regarding the system and regulatory updates
- Access to our Polaris Portal dashboard to control, manage and monitor the reporting
- Integration with an authorised TR by ESMA
- Daily tracking of SFTR reporting