LCH to use UnaVista for SFTR repo reporting

LSEG units announce new deal for reporting of Securities Financing Transactions ahead of new regulations due in April next year.

By John Brazier

LCH’s UK-based repo clearing house will use trade reporting firm UnaVista to ensure traders are able to report their repo transactions from 2020.

The business units, both part of the London Stock Exchange Group, have formed a new agreement whereby UnaVista will offer assisted reporting to LCH’s RepoClear members. RepoClear members will have the option to allow UnaVista to flip aspects of LCH’s transaction and margin reporting to create a report from the member’s perspective.

Securities Financing Transaction Regulation (SFTR) is scheduled to go live in April 2020 and will require firms to report details of their securities lending and repo trades to an approved trade repository.

LCH Group’s collateral and liquidity management function will also be using UnaVista for its SFTR reporting.

“UnaVista is one of Europe’s largest regulatory reporting platforms for MiFIR and EMIR compliance and its significant experience in this field makes it a natural fit for RepoClear,” said Bruce Kellaway, global head of RepoClear and collateral, LCH.

“As a result of this project with UnaVista, RepoClear’s members are now presented the additional option of assisted reporting to handle and simplify their SFTR requirements for those trades they clear though LCH.”