Delta Capita, IHS Markit and Pirum aim to standardise SFTR testing

IHS Markit and Pirum will make available Delta Capita's SFTR test pack to its clients to support and standardise testing.

By Joe Parsons

Data vendors Pirum Systems and IHS Markit are partnering with consultancy firm Delta Capita plan to collaborate with a number of banks with the aim to standardise testing for securities finance reporting.

The consortium, established by Delta Capita, will engage with a number of banks to establish a standardised Securities Financing Transaction Regulation (SFTR) industry test pack.

Through the collaboration, IHS Markit and Pirum will make available the test pack to its clients to support testing and provide feedback to the consortium.

“The test pack will provide full traceability to the RTS/ITS, ESMA guidance and industry best practices across repo, BSB and stock borrow/loan,” said David Field, head of the securities finance practice, Delta Capita.

“It will provide users with the test data, test scripts and expected results they need to conduct their UAT and to test with their counterparts, trading venues, service providers, CCPs, tri-party agents and trade repositories.”

Last month, Pirum and IHS Markit successfully completed a full end-to-end SFTR test for Rabobank. The test included ingestion, enrichment, validation and submission of the transaction, all the way from trade capture to reporting to the trade repository.

Both firms were also part of the 25 tech vendors to join UnaVista’s partner programme for SFTR reporting.

“The securities finance industry will greatly benefit from the standardisation of testing as we continue implementing technology for SFTR reporting,” added Pierre Khemdoudi, managing director and global co-head of equities, data and analytics at IHS Markit.

“By integrating Delta Capita’s testing within our SFTR solution, our common clients will be able to move forward with no additional effort, while being assured on the accuracy of the reporting.”

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