REGIS-TR and TriOptima will cooperate to provide data verification and portfolio reconciliation of trade repository data for OTC derivatives portfolios

04 September 2013

New York / London – September 4, 2013 REGIS-TR and TriOptima announce that they will provide data verification and portfolio reconciliation of REGIS-TR’s trade repository data with data in TriOptima’s triResolve reconciliation service for OTC derivatives as requested by their clients.

With the impending regulatory deadlines in Europe for both trade reporting and portfolio reconciliation, companies affected by the new rules are currently seeking solutions for both requirements. By September 15th, financial and non-financial firms will have to start reconciling their OTC derivatives portfolios; and trade reporting will begin January 1st, 2014 under ESMA’s rules.

REGIS-TR has seen its client base double in a three-month period with over 400 pilot customers testing transaction reporting. TriOptima’s triResolve portfolio reconciliation platform is used by over 425 institutions and reconciles 8 million transactions, most daily.

Cooperation between REGIS-TR and TriOptima will assist their mutual clients in meeting regulatory obligations and operational goals efficiently. Open access and interoperability among service providers are key to success in the new market reality of multiple reporting venues and dual side trade reporting under EMIR.

Data integration with REGIS-TR will enable triResolve clients to verify and reconcile transactions submitted to the repository and leverage triResolve’s resolution workflow to quickly identify and address any exceptions. In the future functionality may be expanded to meet additional reporting and operational demands.

“A large cross section of European financial institutions and corporates will appreciate the functionality offered through this new collaboration to solve their trade reporting and reconciliation requirements efficiently,” said David Retana, REGIS-TR’s Managing Director. “Since November 2012, REGIS-TR has provided customers with a reporting environment where they can test, understand, and implement before actual go-live deadlines under EMIR; and this enhancement will offer significant benefits.”

“Assisting our clients with verification and reconciliation of portfolio data submitted to REGIS-TR is another step towards data accuracy and workflow simplification.” said Raf Pritchard, CEO of triResolve. “Cooperating with REGIS-TR is part of TriOptima’s strategy to connect to multiple platforms across the OTC derivatives landscape including central clearinghouses, confirmation platforms, repositories, and other emerging providers of trade processing and data store functionality.”

About REGIS-TR
REGIS-TR is a central trade repository for all derivatives transactions across multiple product classes and jurisdictions. REGIS-TR facilitates administrative tasks and helps improve the operational management of these transactions. REGIS-TR offers services including data management, certification, electronic matching and confirmation, as well as positions reconciliation.

REGIS-TR collects and administers details of the transactions reported by users, giving market participants and regulators access to a consolidated global view of these derivative positions, an overview that was not available until now.

REGIS-TR is a joint venture launched by Clearstream, the international securities depository and Iberclear, the Spanish central securities depository.

Further information: www.regis-tr.com
Media Contact REGIS-TR
Telephone: +352-243-36115
E-mail: media@regis-tr.com

About TriOptima
TriOptima is the award-winning provider of post trade risk management services and infrastructure for OTC derivatives. Focused on reducing costs, eliminating operational and credit risk, improving counterparty exposure management, and reducing systemic risk, TriOptima offers a range of services: triReduce to reduce swap inventory and counterparty risk; triResolve to reconcile OTC derivative portfolios and manage disputes; triBalance to manage cleared and bilateral counterparty risk; and triQuantify to measure and analyze counterparty risk.

TriOptima, an ICAP Group company, maintains offices in London, New York, Singapore, Stockholm, and Tokyo.

http://www.trioptima.com

For further information please contact:
Susan Hinko, Global Head of Industry Relations
Tel: + 1 646 744 0410
susan.hinko@trioptima.com

Candice Adam, Argentus PR
Tel: +44 20 7397 2915
candice.adam@argentuspr.com

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bryony.scragg@nex.com +44 20 7818 9689 LinkedIn
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