IHS Markit, Pirum Systems and Rabobank ran the test for reporting securities financing transactions to DTCC's trade repository.
The expansion builds on Pirum's existing real-time connectivity to the four international tri-party agents.
Nine banks join IHS Markit’s design team to collaborate on Securities Financing Transaction Regulation (SFTR) reporting service.
DTCC intends to submit an application to become a registered trade repository under SFTR.
Automated solutions for valuing collateral has become a pressing need for the buy-side since the onset of stricter margin rules.
James Cherry has joined Pirum following a near three-year spell as vice president for global funding and financing at Clearstream.
IHS Markit and Pirum’s are collaborating to tackle the reporting requirements of the SFTR.