Pirum announces SFTR compliance for CCP Gateway via Eurex Clearing


Ahead of the SFTR go-live Pirum enhance their CCP Gateway to allow the novation of reportable transactions, enabling clients to manage both real-time novation and the SFTR data required to remain compliant.

Pirum is pleased to announce the rollout of SFTR compliant novation processing for the Pirum CCP GatewayviaEurexClearing. ThishasalsoincludedtheprocessingofthefirstSFTRcompliantsecurities lending trades through the platform.

SFTR requires specific reporting requirements for clearing, including new data fields in order to report trade, collateral and novation activity. Pirum has successfully novated the first trades using this augmented data, and although the SFTR go-live date has been effectively delayed until July, this represents a significant milestone in both our preparations for SFTR reporting and the on-going rollout of the CCP gateway capabilities.


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