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DTCC Partners with Five Organizations on SFTR Obligations

The Depository Trust & Clearing Corporation (DTCC) announced new partnerships with Broadridge, FIS Global, Murex, RegTek.Solutions and SimCorp to support mutual clients with forthcoming Securities Financing Transactions Regulation (SFTR) obligations, which are anticipated to take effect in Q1 2020. The firms will link their SFTR solutions to DTCC’s GTR, leveraging DTCC’s open architecture, thereby allowing market participants to benefit from straight-through reporting workflows and in turn lowering the cost of implementation. GTR’s Partner Program includes a network of 150 service providers, who provide automated solutions from trade capture to SFTR reporting leveraging ISO 20022 standards and delivering straight-through capabilities and increased value to clients. DTCC intends to apply to become a registered trade repository under SFTR once relevant technical standards governing the application process are put in place by the European Securities and Markets Authority (ESMA).

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