GTR provides transaction reporting services in Europe through the legal entity DTCC Derivatives Repository Plc (DDRL). London-based DDRL enables firms to comply with the rules for derivatives reporting as set out in the European Market Infrastructure Regulation (EMIR) and the Securities Financing Transactions Regulation (SFTR), due to take effect in 2020.
GTR Europe - EMIR (ESMA)
DDRL provides for the reporting of cleared and uncleared OTC and exchange-traded derivatives contracts under EMIR by supporting the submission of multiple messages for common data, counterparty date, valuations and collateral as well as backloaded submissions of historical records.
DDRL accepts trade submissions directly from reporting firms as well as through third-party service providers.
GTR Europe - SFTR (ESMA)
Clients will be able to utilize DDRL to meet their Securities Financing Transactions Regulation (SFTR) reporting obligations when they take effect in 2020 (subject to regulatory approval). This SFTR solution leverages the GTR infrastructure to support all product types to be reported under the regulation, including repo and reverse repo, securities and commodities lending and borrowing, sell/buy-back, buy/sell-back and margin lending and borrowing.
GTR Europe - FinfraG
In March 2019 the Swiss Financial Market Supervisory Authority authorized DDRIE as a Foreign Trade Repository in Switzerland, enabling GTR to fully support both EMIR and FinfraG regulations from a single platform.