SFTR Reporting Support Service

12.11.2020

The Securities Financing Transactions Regulation (SFTR), which came into force on 12 January 2016, intends to increase transparency in securities financing markets by introducing reporting requirements for securities financing transactions (SFTs).

The regulation requires affected counterparties to report counterparty, transaction, collateral composition, margin and reuse details of:

  • Repurchase transactions (repos);
  • Sell-buy back or buy-sell back transactions;
  • Securities or commodities borrowing/lending transactions; and
  • Margin lending agreements.

The conclusion, modification or termination of an SFT must be reported to a trade repository (TR) that is registered or recognised in accordance with the SFTR.

Supporting our Securities Lending customers in complying with SFTR

Clearstream Banking S.A. is acting as principal in ASLplus and ASL principal. As such, while doing our own reporting, our objective is to offer our customers the option to delegate their reporting to us (which we are allowed to do under the SFTR regulation). As a result of the undisclosed nature of the ASL (agency) programme, the reporting of the SFTs by the customers should indicate Clearstream Banking S.A. as other counterparty. Likewise ASLplus and ASL principal, Clearstream Banking S.A. also offers its ASL customers the option to delegate their reporting to us.

The SFTR Reporting Support Service removes the reporting burden from the customer and removes the efforts needed to resolve reconciliation breaks. Our solution will also continually evolve to keep track of any regulatory driven required enhancements.

Note:  The Securities Financing Transactions Annex, Regulatory Reporting Support Services - Application Form and the Terms for Regulatory Reporting Support Services will only be visible in the Attachments section below if logged in as a Premium User