Our aim is to allow our customers to be EMIR and SFTR compliant with minimum costs and effort on their part, and to benefit from our expertise in reporting under the European regulatory framework.
Reporting requirements under SFTR are strongly inspired by EMIR. We already have ample experience with helping institutions to cope with reporting-related requirements. Leveraging on our experience and EMIR solution we have extended our software to cover SFTR.
Automatic and easy reporting to a major Trade Repository
Easy mapping and conversion
Data model concept and process flow which can be easily implemented on site
The remaining workload is to build a bridge between our ready-to-use solution and the client's internal data system(s)
Delegate the reporting towards Finalyse, which will act as Third Party
Finalyse EMIR / SFTR Reporting Solution can be extended with the automatic download of the mismatch and inter-mismatch reports. The reports will be automatically downloaded on a daily/weekly basis. Based on the information provided by the TR, Finalyse will update the deal's reconciliation status and store the reconciliation errors in a separate data mart.
Finalyse EMIR / SFTR Reporting Solution can be extended with our independent valuation service for OTC Derivatives / Structured Products.
Selected client cases
An insurance company
For this insurance company with multiple sources of data and different formats, we import all the data in our application on a daily basis, applying mapping and conversion rules and quality checks. After reporting to an authorized trade repository, our client receives a daily quality dashboard allowing him to monitor and justify his regulatory compliance.
A Retail Bank
The bank is a long-lasting client of Finalyse, who requested an outsourced EMIR reporting managed service in 2018. Upon release of the new SFTR regulation, the client encountered the challenge identifying what rules specifically apply to then, what data must be collected and from what sources, which information is optional to disclose, and which is mandatory.
Finalyse has been working on extension of functionalities of automated reporting tool to cover securities financing transactions. Earlier this year our development team has completed upgrading of the solution. Our aim is to allow our customers to be SFTR compliant with minimum costs and effort on their part, and to benefit from our expertise in reporting under the European regulatory framework.