The SmartStream Reference Data Utility (RDU)

The European Union’s Securities Financing Transactions Regulation (SFTR) requires banks and investment firms to start reporting transactions from 14 April 2020 and many firms are now focused on preparing for that date.

Both counterparties of a Securities Financing Transaction must report that transaction to a registered Trade Repository (TR) on a T + 1 basis, compiling a comprehensive report that includes the details of the transaction, the counterparties and the specifics of the
security involved.

The security reference data fields that are required for a complete SFTR transaction report need to be derived from a variety of different industry sources, through a complex set of mappings and history needs to be retained to support back-loading, enable necessary reporting corrections and underpin an auditable control framework.

The SmartStream RDU SFTR reference data service removes the complexity of sourcing and deriving the instrument reference data that you need for SFTR. You simply identify the instrument that is the subject of the Securities Financing Transactions (SFTs), make a simple call to a cloudbased API and the SmartStream RDU returns the fields that you need to complete the SFTR transaction report before submission to the Trade Repository. Data is updated daily and 5 years of history is retained and accessible through the APIs to support back-loading, corrections and your control framework.

Simplify your SFTR reporting requirements with complete, accurate and timely security reference data from the SmartStream RDU, the reference data specialists.