The Depository Trust and Clearing Corporation (DTCC)’s Report Hub, a cloud-based pre and post reporting platform, has been enhanced with two new capabilities: Trade Reporting Analytics and UTI Exchange. With the new additions, Report Hub will be better equipped to help firms “manage the complexities of meeting multiple derivatives and securities financing transactions mandates across 14 global regimes”.
In a press release announcing the two launches, DTCC describes Trade Reporting Analytics as a function that “provides reporting parties access to a growing library of over 100 data insights on their own reporting behaviour to identify potential errors, highlight trends, and benchmark performance against anonymised peers”. It has already been tested by a pilot user group that included J.P. Morgan, Nomura Americas Services, and Wells Fargo.
UTI Exchange is delivered by application programming interface (API) and supports the exchange of UTIs by counterparties as required by most major derivatives regulatory reporting regimes under existing rules and upcoming rule rewrites”. A no-touch workflow allows UTIs to be automatically enriched onto a trade and submitted with Reporting Hub’s Pre Reporting service.