Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (SFTR) imposes an obligation to report securities financing transactions (SFTs), which requires counterparties and central counterparties to ensure that the details of any SFT contract they have concluded and of any modification or termination of the contract are reported to a Trade Repository.
According to the SFTR, counterparties may delegate the reporting of the details of SFTs to a third party.
ATHEXClear provides the SFTR service in order to facilitate Clearing Members and their clients in the fulfilment of their reporting obligations in accordance with the SFTR.
The SFTR service enables Clearing Members to delegate to ATHEXClear, in accordance with article 4 of the SFTR, the reporting of:
- Any transactions concluded by a Clearing Member in the Securities Lending Mechanism of ATHEX with ATHEXClear and with the Clearing Member's clients, for which the reporting obligation lies with the Clearing Member.
- Transactions concluded by a Clearing Member's clients with the Clearing Member in the Securities Lending Mechanism of ATHEX, for which the reporting obligation lies with the clients and the latter have authorised the Clearing Member in this respect.
- Securities financing transactions and reuse, as well as any modification or termination of the respective contracts, which have been concluded over-the-counter or in other regulated markets by the Clearing Member or by its clients that have authorised the Clearing Member in this respect.
Listed below you will find all the relevant texts, material and links relating to the SFTR service.
Documents - Material
|1. EU site for SFTR, link
|2. SFTR Regulation, link
3. Technical Standards regarding TR,
|4. TR Specifications, link
|5. ESMA site for SFTR, link
6. ESMA Q & A, link