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