Pay-to-Hold Reporting

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Status: Best Practice Finalised, Last Updated: 26/04/2021

Question:
Are pay-to-holds (PTH) reportable?

Best Practice:
Pay-to-holds are not transactions as defined by SFTR as there is no transfer of securities nor is there any credit extended. An SFT, by definition, is a transaction by which a counterparty transfers securities or commodities subject to a commercial commitment and that the borrower will return equivalent securities or commodities on a future date. (SFTR-177)