DTCC Launches Report Hub Service to Help Users Meet Trade Reporting Obligations

The Depository Trust & Clearing Corporation announced that it has launched DTCC Report Hub’s assisted reporting model, allowing sell-side firms to assist their buy-side clients with regulatory reporting obligations around the world. Report Hub is a pre- and post-trade reporting solution that helps firms manage the complexities of meeting multiple regulatory mandates across jurisdictions and asset classes. With DTCC Report Hub’s assisted reporting model, sell-side firms including clearing brokers and prime brokers can seamlessly provide the required counterparty trade data to their buy-side clients, who also leverage Report Hub. Leveraging this workflow, the sell-side firm submits trade details for their underlying clients, who can also add supplemental data regarding the trade directly into Report Hub. Once submitted, Report Hub performs reporting eligibility checks across jurisdictional requirements and then seamlessly transmits the trade data for automatic reporting via an authorized trade repository. Report Hub streamlines the data sharing process between counterparties, enabling users to leverage a central utility, seamlessly sourcing and reporting counterparty trade data required for successful compliance with regulatory obligations.