The Depository Trust & Clearing Corporation has launched DTCC Report Hub assisted reporting model, allowing sell-side firms to assist their buy-side clients with regulatory reporting obligations around the world.
The Depository Trust & Clearing Corporation (DTCC) has launched the DTCC Report Hub assisted reporting model, allowing sell-side firms to assist their buy-side clients with regulatory reporting obligations around the world.
Report Hub is a pre- and post-trade reporting solution that helps firms manage the complexities of meeting multiple regulatory mandates across jurisdictions and asset classes.
With DTCC Report Hub’s assisted reporting model, sell-side firms including clearing brokers and prime brokers are able to seamlessly provide the required counterparty trade data to their buy-side clients, who also leverage Report Hub.
Leveraging this workflow, the sell-side firm submits trade details for their underlying clients, who can also add supplemental data regarding the trade directly into Report Hub. Once submitted, Report Hub performs reporting eligibility checks across jurisdictional requirements and then seamlessly transmits the trade data for automatic reporting via an authorised trade repository, including the trade repositories of DTCC’s Global Trade Repository service (GTR), the industry leader in trade reporting. Report Hub streamlines the data sharing process between counterparties, enabling users to leverage a central utility, seamlessly sourcing and reporting counterparty trade data required for successful compliance with regulatory obligations.
With the assisted reporting model, both counterparties have access to Report Hub’s exception management monitoring and remediation functionality, with clear roles and responsibilities defined between the sell-side and their clients for remediating any failed submissions. The sell-side firm has access to Report Hub to view and remediate errors within Report Hub, and their buy-side clients can monitor and fix any trade detail issues.
Report Hub’s extensive coverage enables users to manage the complexities of global trade and transaction reporting across 14 jurisdictions.