Re-use Reporting
Richard Comotto
30 years: Money markets
In this video, Richard will be explaining the process of reporting the re-use of collateral. First, he’ll discuss who has to report re-use. Then, he’ll discuss how re-use is defined. And finally, he’ll look at the data fields special to re-use reporting.
In this video, Richard will be explaining the process of reporting the re-use of collateral. First, he’ll discuss who has to report re-use. Then, he’ll discuss how re-use is defined. And finally, he’ll look at the data fields special to re-use reporting.
Re-use Reporting
9 mins 11 secs
Key learning objectives:
Describe collateral re-use
Outline the scope of the re-use reporting obligation
Understand the distinction between actual re-use and estimated re-use
Overview:
SFTR is a major regulatory reporting requirement for anyone transacting repo and other securities financing transactions in the EU, no matter how limited their activity. The reporting requirements cover all aspects of these transactions, including life-cycle events and re-use of collateral, and are therefore complex. In order to meet the regulator’s demand for complete, accurate and timely data, firms are devoting considerable resources to the speedy remediation of rejected or unreconciled reports. It is likely that, at least initially, a high percentage of reports will be rejected or be qualified as incomplete or inaccurate, primarily due to poor drafting of the regulation and accompanying material. This course provides a systematic and detailed insight into reporting repos under SFTR that uniquely incorporates the results of the work by the industry (the ICMA SFTR Task Force) on interpreting the regulatory requirements, filling in the gaps and dealing with the contradictions and mistakes.
Richard Comotto
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