Three Global Banks Sign Deal for SFTR Compliance

The Depository Trust & Clearing Corporation (DTCC) announced that Barclays, Goldman Sachs and J.P. Morgan will use DTCC’s Global Trade Repository (GTR) service, offered by its Repository and Derivatives (RDS) division, in order to meet their regulatory obligations under the European Securities Financing Transactions Regulation (SFTR), which are anticipated to take effect in April 2020. Barclays, Goldman Sachs and J.P. Morgan are working with DTCC to achieve the transparency and risk mitigation that the G20 intended. The solution supports all product types to be reported under SFTR, including repo and reverse repo, securities and commodities lending and borrowing, sell/buy-back, buy/sell-back and margin lending and borrowing.