SFTR Reporting with Cappitech
With the Securities Financing Transaction Regulation (SFTR), regulators aim to have more information on company exposure to their SFTs as well as collateral amounts behind the positions. The daily reporting regime covers Security Financing Transactions (SFTs) and requires EU firms to report their transactions to an approved Trade Repository (TR). The go live date for SFTR will be implemented in stages starting from the first half of 2020.
CAPPITECH CAN HELP YOU BE SFTR COMPLIANT
Cappitech can help reduce your reporting headache and lower costs of SFTR compliance using its regulatory platform, Capptivate. Capptivate, a Software as a Service (SaaS) platform, is our cloud-based compliance platform that provides access to instant insights based on trading data so that decision-makers can make informed data-driven decisions and monitor best execution practices. It easily connects with trade reports from trading platforms such as EMS and OMSs and will enable seamless SFTR compliance for our customers who are regulated by the likes of FCA, CySEC, CBOI, MFSA and other regulators
HOW IT WORKS
Capptivate connects to customer trade records, enriches the data, reformats the file and validates trades. Cappitech also connects with 3rd party transaction hubs to match transaction reference numbers between counterparties to ensure UTIs are correct. Final SFTR reports are then submitted directly to a Trade Repository on our client’s behalf.
Information on trades is then made available in real time via our web-based dashboard. The Platform also sends a daily email confirming the reporting and alerting of any issues that may arise.
HOW YOU CAN BENEFIT
SaaS & Automation: Significantly cuts the initial IT and HR costs to begin reporting and the ongoing work required to keep the reporting compliant as laws are updated regularly.
Operational excellence: Our Client Services team monitors client trades on an ongoing basis, alerts and helps fix any reporting exceptions.
Reporting fees: Cappitech benefits from trade volume fees as a result of reporting on behalf of many firms and passes these on to our clients. This can result in significant cost improvement for customers.
Customized for your business
Asset Managers Capptivate provides integration with fund management and OMS software in a secure environment to grab data needed to complete RTS 27 reports
Online Brokers Onboarding reporting solutions for over 50 brokers, Cappitech understands the needs of Forex and CFD brokers to provide a cost effective and simple integration process.
Banks Firms benefit from our flexible integration process which includes connectivity to treasury systems to automate reporting as well as customized Excel templates for manual file uploads.