Delta Capita announced that it has extended its collaboration with The Depository Trust and Clearing Corporation (DTCC) to help market participants meet their Securities Financing Transactions Regulation (SFTR) trade reporting requirements. Delta is an international business and technology consulting and managed services firm, and its test pack, developed with a consortium of banks and agent lenders, is now available for asset managers, hedge funds and other buy-side firms for their SFTR testing.
Clients of DTCC’s GTR service who license the test pack will have access to securities financing transactions life-cycle event test scenarios, including the expected results, to help identify issues and accelerate testing ahead of SFTR go live. The pack comes with an online traceability module – linking SFTR test cases to the regulatory and industry technical standards, European Securities and Markets Authority (ESMA) rules and industry best practice.
Firms can also benchmark their testing progress within their peer group. It’s also been validated over the last year with DTCC, covering 64 securities finance trading scenarios; over 200 repo and stock borrow/loan life-cycle events; and nearly 2,000 different SFTR reports.
Val Wotton, managing director, Product Development and Strategy, Repository and Derivatives Services at DTCC, said in a statement: “As buy-side firms progress with preparations in order to meet forthcoming SFTR trade reporting requirements, testing will be an important milestone.”