LCH selects UnaVista for SFTR-compliant TR
20 May 2019 London
Image: Shutterstock
LCH Group has selected UnaVista for its Securities Financing Technology Regulation (SFTR)-compliant trade repository.
UnaVista customers clearing through LCH鈥檚 RepoClear will be offered assisted reporting for SFTR.
Meanwhile, LCH Group鈥檚 collateral and liquidity management function will be using UnaVista for its SFTR reporting.
RepoClear members will have the option to allow UnaVista to flip aspects of LCH鈥檚 transaction and margin reporting to create a report from the member鈥檚 perspective.
According to LCH, this function will offer significant operational efficiencies and supports accurate transaction matching.
Bruce Kellaway, global head of RepoClear and Collateral, head of EquityClear, cited: 鈥淯naVista is one of Europe鈥檚 largest regulatory reporting platforms for Markets in Financial Instruments and The European Market Infrastructure Regulation compliance and its significant experience in this field make it a natural fit for RepoClear.鈥�
鈥淎s a result of this project with UnaVista, RepoClear鈥檚 members are now presented with the additional option of assisted reporting to handle and simplify their SFTR requirements for those trades they clear through LCH.鈥�
Mark Husler, CEO UnaVista, added: 鈥淲e are delighted that LCH鈥檚 RepoClear has chosen UnaVista for its SFTR reporting.鈥�
鈥淟CH鈥檚 collaboration with UnaVista will significantly simplify reporting obligations under SFTR for RepoClear members.鈥�
UnaVista customers clearing through LCH鈥檚 RepoClear will be offered assisted reporting for SFTR.
Meanwhile, LCH Group鈥檚 collateral and liquidity management function will be using UnaVista for its SFTR reporting.
RepoClear members will have the option to allow UnaVista to flip aspects of LCH鈥檚 transaction and margin reporting to create a report from the member鈥檚 perspective.
According to LCH, this function will offer significant operational efficiencies and supports accurate transaction matching.
Bruce Kellaway, global head of RepoClear and Collateral, head of EquityClear, cited: 鈥淯naVista is one of Europe鈥檚 largest regulatory reporting platforms for Markets in Financial Instruments and The European Market Infrastructure Regulation compliance and its significant experience in this field make it a natural fit for RepoClear.鈥�
鈥淎s a result of this project with UnaVista, RepoClear鈥檚 members are now presented with the additional option of assisted reporting to handle and simplify their SFTR requirements for those trades they clear through LCH.鈥�
Mark Husler, CEO UnaVista, added: 鈥淲e are delighted that LCH鈥檚 RepoClear has chosen UnaVista for its SFTR reporting.鈥�
鈥淟CH鈥檚 collaboration with UnaVista will significantly simplify reporting obligations under SFTR for RepoClear members.鈥�
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