SFTR workshop - repo reporting in practice

 

In light of ongoing international concerns with respect to the Coronavirus (COVID-19) and in the interest of maintaining the health of our members, delegates and staff, we have made the decision to postpone the SFTR workshop - repo reporting in practice which was scheduled to take place on 8 June in London.

The new date for this workshop will be announced in due course.

Time: 09.00 - 17.00

 

Overview

Ahead of the 2020 implementation ICMA offers a one day workshop on the practical aspects of reporting of repo transactions which will be required under the EU Securities Financing Transactions Regulation (SFTR). The workshop described 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 highlighted the challenges and, where possible, suggest solutions 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, will bring together into a series of sample reports simulating different transaction configurations. Delegates will be provided with copies of the ICMA's draft SFTR Annex to its Guide to Best Practice, a file of sample reports and various reference tables.

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 + 20% VAT

Non Members: EUR 900.00 + 20% VAT

 

5% reduced fee for 5 or more delegates from the same organisation on the same course

10% reduced fee for 10 or more delegates from the same organisation on the same course



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 Events for more information.

 

08.45 Registration, Tea & Coffee
09.00 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
10.30 Coffee break
11.15 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
  Collateral data: how do collateral update reports work; identifying GC; when to report at trade level & 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
12.30 Lunch
13.45
Course continues
  Special cases: intra-day repos; auto collateralized intra-day borrowing; repos documented under ISDA; cash rebate securities loans; undocumented repos
  CCP-cleared repos: concept of prior repos & RTNs; portfolio codes & cross-product netting
  CCP margin reporting
15.15 Coffee break
15.30 Course continues
  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
17.00 End of course
   
 

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