SFTR Vendor solutions - Pairing & Matching:

Status: Best Practice Finalised, Last Updated: 15/02/2024
Question:

SFTR Vendor solutions - Pairing & Matching:

1. SFTR vendor solutions have Pre-Pairing & Matching procedures which from feedback to not affect or interfere with the trade repository pairing & matching procedures.
2. It’s also possible to send reports from one vendor and then into another prior to transactions being reported to the trade repository.
3. It seems Pre-matching platforms key pairing fields for the shell trade executed between the borrower and the agent should pair on following fields to get correct critical data for allocations reporting:
(1) Other counterparty LEI, (2) Reporting Counterparty LEI, (3) Agent Lender LEI, (4) Counterparty side, (5) Principal amount on value Date for Repos, (6) Security identifier for Securities lending, (7) security identifier for collateral, (8) Type of SFT, (9) Type of collateral component, (10) Quantity of Nominal Amount for securities lending
4. With a mix between asset manager and agent lender Collateral pairing criteria are:
(1) Other counterparty LEI, (2) Reporting Counterparty LEI, (3) Agent Lender LEI, (4) Signage of cash collateral amount or collateral quantity or nominal amount, (5) Security identifier, (6) Type of collateral component, (7) Collateralization of net exposure, (8) Collateral currency, (9) Master agreement