Delta Capita’s securities finance and collateral management practice will work alongside the NEX solution to advise clients on the specific data requirements for securities finance transactions.
According to NEX, the partnership will combine Delta Capita and NEX ’s compliance, technology and industry knowledge to meet the specific needs of the securities lending and repo markets in preparation for the SFTR implementation.
The partnership comes after NEX Regulatory Reporting announced its intention to become an SFTR trade repository and launch a reporting solution, pending the issuance of the final technical standards from The European Securities Markets Authority.
The trade depository will also leverage the existing regulatory reporting technology for European Market Infrastructure Regulation, the second Markets in Financial Instruments Directive and other international regimes to meet the complex requirements of SFTR.
Collin Coleman, head of NEX, said: “SFTR will require clients to report an unprecedented level of data given that many securities and finance transactions have significant durations, complex lifecycle events and diverse collateral options.”
He added: “Delta Capita is the ideal partner for NEX as their deep understanding of securities finance and collateral management processes and technology will support the development of our cloud-based reporting solution and aid client onboarding.”
Jonathan Adams, head of securities finance and collateral management practice at Delta Capita, commented: “A natural extension of the regulatory support we currently provide to our clients, we’re pleased to partner with NEX Regulatory Reporting to help clients comply with the impending regulation but also to explore how SFTR data can be utilised for business advantage.”