Training Objectives

By the end of the course, delegates should be able to:

• Identify what trading activities are covered by SFTR, who has to report and by when;
• Outline the role of trade repositories and recognise the reports sent to and sent out by these entities;
• Distinguish the types of record to be sent to trade repositories and know in what order they should be sent;
• Select and describe the data fields required for generic SFT structures, whether collateralized at transaction or portfolio level;

They should also:

• Be aware of some of the practical issues that have arisen in reporting;
• Know where to look for further guidance.

Training Outline

• Background which has brought the SFTR
• What is Shadow Banking and how is it related to SFTR
• Purpose of SFTR and key requirements for reporting parties
• What SFTR covers: repos, securities/commodities lending, margin lending
• Who is subject to SFTR, including mandatory delegation and branches
• The role of trade repositories: who they are; what they do (validation and reconciliation); what you send them and what they send back and to others
• Types of report (Action Types) and sequencing
• Reporting deadlines.
• Data sets, matching fields, cardinality rules (mandatory, conditional or optional) and conditionality links between fields
• Counterparty data
• Loan data: type, UTI, level of reporting, legal data, term, rate
• Collateral data: type; level of reporting; classifications
• CCP-cleared SFTs and margins
• Collateral re-use reports: actual and estimated
• Practical examples provided by ESMA

Who should attend

This course is suitable for any professional involved with SFTR. Delegates would benefit from a familiarity with repos, securities lending and margin lending but this is not essential.

Training Style 

This training will provide the audience with adequate information, both from a regulatory framework standpoint and a practical standpoint, of the SFTR framework and its complexities. Given that a significant amount of information will be delivered to participants, they will receive detailed presentation material which they can use as a handbook going forward. Throughout the training, there will be discussions aimed to ensure that the participants fully understand the material being delivered.

CPD Recognition

This programme may be approved for up to 3 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.