Calypso and IHS Markit to streamline SFTR reporting process

Mayank Shah, Chief of Staff and Head of Strategic Alliances at Calypso

Cross-asset front-to-back technology solutions provider, Calypso Technologies has entered into an alliance with IHS Markit, in a bid to provide a simplified Securities Financing Transaction Regulation (STFR) reporting process to its clients.

According to the supplier, the collaboration with IHS Markit furthers Calypso’s goal in building upon its cross-asset product suite and post-trade processing, collateral & securities finance platform for an enhanced STFR process. It is expected to reduce the time to market as well as the manual workload that went in for every client.

Pierre Khemdoudi, Managing Director & Global Co-Head of Equities, Data and Analytics at IHS Markit says: “We are delighted to collaborate with Calypso to make the SFTR reporting process as seamless, efficient and simplistic as possible for our clients. This agreement moves us closer to that goal, offering an integrated and comprehensive approach to managing SFTR requirements within the required timeframe.”

The European Union SFTR is intended to enhance the transparency of the securities financing markets by requiring those who enter into securities financing transactions (SFTs) to report the SFT to a trade repository.

Mayank Shah, Chief of Staff and Head of Strategic Alliances at Calypso: “Calypso is aware of the pressure on financial institutions from the constantly changing regulatory requirements. We are already helping clients to prepare for SFTR, and this strategic alliance with IHS Markit will enable us to extend SFTR support still further. Common clients will benefit from a single interface to the TR(s) of their choice, with data validation, enrichment and pre-reconciliation to ISO 20022 format performed en-route in collaboration with IHS Markit. This partnership is a continuation of our commitment to provide our clients with a cost-effective, timely and complete end-to-end solution.”

Recently, IHS Markit announced that its ClearPar service has been enabled to deliver syndicated loan trade settlement and trade funding information directly to the custody system, using electronic messaging.

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