Bloomberg's SFTR solutions.

Solve for SFTR across the front office and entire trade lifecycle

Whether trading in the repo or securities lending market, Bloomberg’s global client network trusts our front office tools to conduct thousands of transactions on a daily basis.

This front office network, combined with a trade reporting workflow that captures critical SFTR trade data, is essential for SFTR compliance.

Our SFTR solutions will enable firms to:

1. Generate a fully enriched record of all 92 data fields required for a new trade (and all 163 potentially required fields) through our voice, e-trading and RHUB solutions. Critical fields include:

• Unique Trade Identifers (UTI)
• Timestamps
• Economic and instrument reference data
• Static data fields

2. Solve the SFTR data capture and trade reporting using existing workflows in the front office.

3. Leverage 'one-way matching' of trade data and eliminate costly data-matching errors.

4. Automate manual workflows that require data entry across multiple platforms.

5. Utilize agnostic trade reporting system through RHUB that can connect to numerous 3rd party Trade Repositories.

Bloomberg has built upon its existing data, analytics, order management, transaction and trade reporting solutions, and trading platforms, to partner with financial institutions impacted by SFTR.

We provide a holistic suite of solutions, from front to back-office, that both integrate seamlessly and work independently.

For firms using our electronic trading platform, TOMS

• Trade negotiation and execution: Clients can access owner liquidity and generate critical trade data at the point of trade execution. 
• Trade confirmation and pre-matching: Trades using TOMS will leverage a fully automated confirmation workflow for simpler trade reporting.

For firms using our voice trading solutions, including MSG, IB, and VCON

• Trade negotiation and execution: Clients can leverage a more automated workflow that captures critical trade data at the point of confirmation. LEI/UTI framework is supported through Bloomberg for voice and E-trading.
• Trade confirmation and pre-matching: Trades using our Voice Confirmation (VCON) for SFTR workflow will feed a service that generates the enriched record of data fields that are required to report correctly to a trade repository.

 

Trade reporting

Bloomberg’s multi-asset class Reporting Hub (RHUB) connects to TRs to report SFT transactions on behalf of the user. RHUB’s User Interface helps firms manage the statusof their reports.

Data enrichment 

The current model is to pass data from various inputs to RHUB, which then enriches the data. SFT data can be passed through to RHUB from other systems via an API.

Tickers

Bloomberg provides a unique set of generic SFT tickers which will be central to the capture of SFTR data schema, including static data, from pre-trade to post-trade processes. Bloomberg also offers the possibility to tickerize individual SFT trades.

 

Client outreach

• Manage SFTR related client outreach workflows.
• Deliver pre-contractual disclosures of risks and consequences of collateral arrangements.
• Collect written consent to both collateral arrangements and title transfer provisions from clients in compliance with Article 15.
• Collect client classification information and verify across regulations (e.g., MiFID II, EMIR, etc).

Learn more.  

Which area are you most concerned with for your firm’s SFTR workflow?

• Trader Workflow and UTI Generation
• Dual Reporting
• Back-Reporting 
• Reporting Format