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Delta Capita partners with DTCC for SFTR testing and trade reporting

David Field, Head of Securities Finance Practice, Delta Capita

International business and technology consulting solutions provider, Delta Capita has announced its partnership with The Depository Trust & Clearing Corporation (DTCC) in a bid to assist market participants in meeting their Securities Financing Transactions Regulation (SFTR) reporting obligations. The partnership is expected to allow Delta Capita to make its standardized SFTR industry pack available to DTCC for its own SFTR matching and reporting service.

David Field, Head of Securities finance practice at Delta Capita commented on its standardized SFTR pack , “Our test pack will provide full traceability to the European Commission’s regulatory technical standards (RTS), the European Securities and Markets Authority (ESMA)’s guidance, and best practices across repo, sell/buy-back and stock borrow/loan. It will provide users with the test data, test instructions and expected results to conduct their user acceptance testing (UAT), and to test with their counterparts, trading venues, service providers, central counterparties (CCPs), tri-party agents and trade repositories. Consortium members will be able to benchmark their testing run and pass rates to highlight any areas for review and remediation.”

According to Delta Capita, the test pack is expected to benefit DTCC’s clients by reducing their testing effort and costs, thereby showing its readiness for trade reporting. The partnership will also enable DTCC to make its data transformation services available to Delta Capita’s banking consortium. This will benefit the banking consortium in the creation of trade repository- ready ISO 20022 SFTR reports.

Val Wotton, managing director, product development and strategy, repository & derivatives services (RDS) and collateral management at DTCC, said, “This new collaboration will provide a first-class testing experience for our clients. We are delighted to continue working with Delta Capita to ensure that our clients are well-prepared to meet their SFTR obligations.”

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