IHS Markit and Pirum partner for SFTR reporting 07 February 2017London Reporter: Drew Nicol
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Pirum Systems has partnered with IHS Markit to build a 网爆吃瓜 Financing Transaction Regulation (SFTR) reporting solution by the end of 2017.
The new solution will offer a fully hosted, end-to-end service to assist EU-based users to fulfill the SFTR obligation to report transaction details to a registered trade repository.
This service will enable market participants to leverage existing industry data pipes and workflows, lowering the cost and operational burden of complying with SFTR reporting.
Ben Challice, COO at Pirum Systems, said: 鈥淭rue collaboration between service providers is what the market has been demanding, especially when the service requirement is driven by regulation.鈥�
鈥淏y partnering with Markit 网爆吃瓜 Finance, we can provide a seamless, end-to-end solution, with unparalleled market coverage, and ultimately reduce customers鈥� overall costs.鈥�
Pierre Khemdoudi, managing director of the Markit 网爆吃瓜 Finance product, said: 鈥淲e are excited to partner with Pirum Systems to offer a modular, fully hosted SFTR solution.鈥�
鈥淧irum System鈥檚 best in class securities finance post-trade reconciliation and IHS Markit鈥檚 proven track record in delivering industry wide regulatory reporting solutions ideally position us to build this unique service.鈥�
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