Pledge GMSLA Reporting

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Pledge GMSLA Reporting

Status: Finalised Last Updated: 28/09/2021

Question:
How should SLEB under a pledge GMSLA agreement be reported under SFTR?

Best Practice:
All SFTs under pledge agreements should be reported under SFTR. All pledged collateral must be reported using a COLU template message and, if the collateral is being re-used for short covering or any other purpose, it would further need reporting under table 4 for collateral re-use.

The use of the GMSLA Pledge should be reported using the following logic:

• Field 2.09 (Master Agreement Type) = "GMSL"

• Where applicable, Field 2.20 (Method used to Provide Collateral) = "SICA" (SFTR-263)