Pirum extends connectivity with JP Morgan tri-party
Development allow collateral providers and receivers to fully automate their RQV processing.
Development allow collateral providers and receivers to fully automate their RQV processing.
Former vice president for international equity finance at JP Morgan joins Pirum as securities finance firm turns attention to North America.
The two firms have partnered to develop a front-to-back securities lending solution using the Wematch platform for mutual clients.
The new service enables users to determine the impact of the settlement discipline regime (SDR) on their securities finance business.
The four new hires will help bolster its services in the run-up to major new regulations in 2020 such as SFTR and CSDR.
IHS Markit and Pirum will make available Delta Capita's SFTR test pack to its clients to support and standardise testing.
IHS Markit, Pirum Systems and Rabobank ran the test for reporting securities financing transactions to DTCC's trade repository.
The expansion builds on Pirum's existing real-time connectivity to the four international tri-party agents.
Nine banks join IHS Markit’s design team to collaborate on Securities Financing Transaction Regulation (SFTR) reporting service.
DTCC intends to submit an application to become a registered trade repository under SFTR.