DTCC partners with Droit
08 April 2019 Hong Kong
Image: Shutterstock
DTCC is set to partner with Droit in order to enable market participants to leverage Droit鈥檚 reporting eligibility capabilities.
This is within DTCC鈥檚 pre-reporting transformation services for supported G20 regimes and the upcoming Securities Financing Transactions Regulation.
The joint offering will encompass Droit鈥檚 capabilities, which help reduce firms鈥� operational burden and mitigate regulatory risk.
The risk can be reduced by allowing firms to apply reporting eligibility logic before submitting transactions to the relevant registered trade repository.
According to DTCC, market participants can now utilise its pre-reporting transformation services for all key components of a regulatory reporting stack.
Market participants can also use Droit to determine the full global cross-regulatory reporting implications and obligations associated with a transaction in real-time.
Additionally, they can receive complete auditability and traceability through to fully digitised regulatory text.
Satya Pemmaraju, CEO of Droit, said: 鈥淪ince 2014, Droit鈥檚 ADEPT platform has been invaluable to our clients in proving, to themselves and external parties, that reporting decision-making for each transaction is accurate and complete with respect to the laws in force at that time.鈥�
鈥淭his new link between DTCC鈥檚 Pre-Reporting Transformation Services and ADEPT provides a compelling proposition for an industry seeking efficient, accurate, transparent, scalable and cost-effective reporting infrastructure.鈥�
Val Wotton, managing director, product development and strategy, derivatives and collateral management at DTCC, commented: 鈥淩egulatory compliance is a key issue for market participants across the post-trade space.鈥�
Wotton added: 鈥淥ur partnership with Droit is a further example of how we鈥檙e bringing together best-in-class technologies and delivering them as a DTCC hosted solution for our clients.鈥�
This is within DTCC鈥檚 pre-reporting transformation services for supported G20 regimes and the upcoming Securities Financing Transactions Regulation.
The joint offering will encompass Droit鈥檚 capabilities, which help reduce firms鈥� operational burden and mitigate regulatory risk.
The risk can be reduced by allowing firms to apply reporting eligibility logic before submitting transactions to the relevant registered trade repository.
According to DTCC, market participants can now utilise its pre-reporting transformation services for all key components of a regulatory reporting stack.
Market participants can also use Droit to determine the full global cross-regulatory reporting implications and obligations associated with a transaction in real-time.
Additionally, they can receive complete auditability and traceability through to fully digitised regulatory text.
Satya Pemmaraju, CEO of Droit, said: 鈥淪ince 2014, Droit鈥檚 ADEPT platform has been invaluable to our clients in proving, to themselves and external parties, that reporting decision-making for each transaction is accurate and complete with respect to the laws in force at that time.鈥�
鈥淭his new link between DTCC鈥檚 Pre-Reporting Transformation Services and ADEPT provides a compelling proposition for an industry seeking efficient, accurate, transparent, scalable and cost-effective reporting infrastructure.鈥�
Val Wotton, managing director, product development and strategy, derivatives and collateral management at DTCC, commented: 鈥淩egulatory compliance is a key issue for market participants across the post-trade space.鈥�
Wotton added: 鈥淥ur partnership with Droit is a further example of how we鈥檙e bringing together best-in-class technologies and delivering them as a DTCC hosted solution for our clients.鈥�
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