Solutions

Trade Repository Reporting

Organizations face many different challenges when it comes to regulatory reporting. Regulatory frameworks have become increasingly dynamic and added complexity to reporting requirements. Failing to comply might result in regulatory fines and reputational damage.

The ever-changing regulatory landscape is a challenge for many organizations

Trade regulations

Securities Financing Transaction Regulation(SFTR)

Coming into force on 11th April 2019, SFTR mandates reporting of all SFTs to TRs. TRs centrally collect and maintain the records of SFTs. Reporting requirements apply at various dates, depending on the type of financial counter-party involved. Credit institutions and investment firms will be required to comply within 12 months for Central Counter-parties (CCPs) and 15 months for Central Securities Depositories (CSDs), while all other financial institutions, including Pension Funds, Insurance/Reinsurance Companies, AIFs and UCITs, will have 18 months to comply. Non-Financial Counter-parties will have 21 months.

Compliance with the SFTR reporting requirements will present a number of operational and data challenges, so organizations should take measures to test and adopt reporting solutions for SFTs as soon as possible.

How Can Virtusa Help?

Virtusa’s Trade Repository Reporting (TRR) solution is a fully automated cloud native reporting tool gathering all the data in a single location available with one login. Using agile principles, the SaaS solution is SFTR-ready and has been continuously evolved in order to correspond to the reporting requirements of the volatile regulatory environment.

Trade repository reporting

Virtusa’s TRR solution ensures complete compliance with the latest regulatory requirements by fully reconciling mismatching data fields into custom-built reconciliation tables for monitoring. Cloud native architecture enables scalability and consolidation of the regulatory reports. Its in-built workflow for business operations and technology workloads provides a risk-free alternative to existing manual processes.

Virtusa's Trade Repository Reporting

  • One-stop-shop solution – Easy access to the data
  • Security – Highest level of encryption of files with the use of a Secure FileTransfer Service
  • In-house expertise – Proven track record in implementing regulatory projects for both financial and non-financial counterparty
  • Straightforward onboarding
  • Minimum complexity – Easy-to-use and intuitive user interface. Full flexibility with XML and CSV file formats
  • Future safe – Continuous adjustments and improvements based on regulatory changes or changes to the Trade Repository
  • Support – 24/7 monitoring from a dedicated support and surveillance team

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