ICMA SFTR Workshop: Repo reporting in practice

8-9 July 2020

 
Date: 8-9 July 2020
Day 1 & 2: 14.00 - 17.30 CEST   
                   13.00 - 16.30 BST


Workshop Overview

Now offered in a livestreamed format,  this workshop focuses on the practical aspects of reporting of repo transactions which are required under the EU Securities Financing Transactions Regulation (SFTR). The workshop describes how and when repos (repurchase transactions and buy/sell-backs) should be reported to SFT trade repositories (subject to further clarification of some elements by ESMA), and highlights the challenges and, where possible, suggests solutions that were developed by the ICMA SFTR Task Force.
 
A themed review of reporting fields (ie grouped into loan data, collateral data, etc), set against a repo life-cycle template, is brought together into a series of sample reports simulating different transaction configurations. Delegates will be provided with the latest version of ICMA's Recommendations for Reporting under SFTR.
There are no qualifications or other prerequisites for attending. This workshop will be conducted over two afternoon sessions (CEST time) and will incorporate trainer and peer-led discussion plus a Q&A session.
Who should attend?
Staff who will be managing SFTR reporting when it goes live
Those managing the systems development required to support this reporting
Compliance staff
Anyone who wants a detailed and structured understanding of what has to be reported by whom and by when
Staff from banks, investment firms, buyside and infrastructure-providers such as trading platforms, tri-party agents and reporting solutions providers
Now offered in a livestreamed format, this workshop focuses on the practical aspects of reporting of repo transactions which are required under the EU Securities Financing Transactions Regulation (SFTR). The phased implementation of the reporting regime introduced by the EU Securities Financing Transactions Regulation (SFTR) starts on 13 July 2020 bringing in detailed reporting requirements for all EU incorporated or located entities of all securities financing transactions (including repo and reverse repo) to authorised trade repositories.

The workshop describes how and when repos (repurchase transactions and buy/sell-backs) should be reported to SFT trade repositories, highlighting the challenges and, where possible, suggesting solutions that have been developed by the ICMA SFTR Task Force and are set out in the detailed ICMA recommendations for reporting under SFTR.

Conducted over two afternoon sessions (CEST), this workshop will also include trainer and peer-led discussion plus a Q&A session.

The workshop will be delivered by Richard Comotto who is a lead member of the ICMA SFTR Task Force and author of the ICMA's Recommendations on Reporting Under SFTR.

There are no qualifications or other prerequisites for attending. 

Who should attend?
  • Staff who will be managing SFTR reporting when it goes live
  • Those managing the systems development required to support this reporting
  • Compliance staff
  • Anyone who wants a detailed and structured understanding of what has to be reported by whom and by when
  • Staff from banks, investment firms, buyside and infrastructure-providers such as trading platforms, tri-party agents and reporting solutions providers

Delegate Fees

ICMA  Members: EUR 690.00 + VAT (if applicable) | GBP 600 + VAT (if applicable)
Non-Members: EUR 900.00 + VAT (if applicable) | GBP 800 + VAT (if applicable)

Registration: This livestreamed workshop will be held via Zoom and is open to all interested market participants. To access this virtual event, registration in advance is essential.

Delegate fees are payable, in advance of the course start date, by credit card (Visa, MasterCard) or on receipt of an invoice after registration has been received.

Please contact ICMA Education for more information.
Day One

Session 1:


12.50 Welcome
13.00 Course commences
  Background to the SFTR: origins in the FSB & evolution of EU proposals
  SFTR legal structure (at Levels 1, 2 and 3); and implementation timetable
  Scope: SFT definitions; structure of data sets; the meaning of optional fields; who has to report transactions, who has to report re-use of collateral & who is exempt; backloading of transaction data
14.30 Coffee break
14.50 Course continues
  Counterparty data: who are the entities (including beneficiaries) & which of them reports; how to report intermediaries (brokers & agent lenders) & infrastructures (trading venues, tri-party agents, custodians & (I)CSD, CCPs); mandatory & voluntary delegation of reporting
  Loan data: types of report & which Action Types; who generates the UTI; determining availability for collateral re-use; the problem of position-level reporting; reporting life-cycle events; reporting dates; repo rates; the problem of buy/sell-backs; structured repos such as open repo, floating-rate repos; evergreen repos and extendible repos
16.30 End of course
 

*ICMA reserves the right to make changes to this agenda.





Day Two

Session 2:


13.00 Course commences
  Collateral data: how do collateral update reports work; identifying GC; when to report at trade level &n when to report at next exposure level; how to report collateral baskets including allocations after T; reporting collateral including classification, quality, price, market value & haircuts; cash collateral; reporting variation margins
  Special cases: intra-day repos; auto collateralized intra-day borrowing; repos documented under ISDA; cash rebate securities loans; undocumented repos
14.30 Break
14.50 Course continues
  CCP-cleared repos: concept of prior repos & RTNs; portfolio codes & cross-product netting
  CCP margin reporting
  Reporting the re-use of collateral: accurate reporting; approximate reporting using the FSB formula; definitions of own assets, received collateral, re-usable collateral & posted collateral
 
MiFIR reporting of central bank repos
MiFIR reporting of central bank repos
16.30 End of course
 

*ICMA reserves the right to make changes to this agenda.







Register for the ICMA Livestreamed SFTR Workshop: Repo reporting in practice, 8-9 July

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Delegate Fees

ICMA Members: EUR 690.00 + VAT if applicable
                           GBP 600.00 + VAT if applicable

Non Members: EUR 900.00 + VAT if applicable
                        GBP 800.00 + VAT if applicable

 

If applicable:

Accommodation is not included in the price and delegates must arrange their own accommodation.

Please do not book your travel until advised to do so by ICMA. We will inform you when the course is confirmed to go ahead. For security reasons, delegates who have not registered in advance will not be admitted to this course. If you have any queries regarding this course, please contact ICMA Education.

Course materials will be provided to candidates (where necessary) in electronic format prior to the start of programme. Please ensure that you bring these to the course with you as hard copies of course materials are not provided. Where specified, candidates are required to bring any additional equipment (for example, a bond calculator) at their own expense.


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