Securities Lending reporting
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Sharegain provides a comprehensive ‘business as a service’ solution that covers all aspects of securities lending. This includes an extensive reporting suite, developed to meet the ever-evolving demands of both business and regulatory compliance.
Our suite covers three essential processes required for internal and external reporting: reconciliation, revenue allocation, and maintaining accurate books and records.
We deliver:
- Reporting and billing all the way down to the underlying clients
- Complete SFTR reporting and reconciliation for all loans and collateral
- Compliance with applicable regulatory rules and support with implementation of new regulatory requirements including the SEC Rule 10c-1
Reporting suite
Reconciliation
Sharegain provides a daily position reconciliation report that aggregates data by instrument, borrower, and underlying investor. This enables clients to track on-loan positions at the underlying investor level and perform security-level reconciliations.
Loans Report
Our daily loans report summarizes all active, pending, cancelled, and closed loans throughout the day. It operates on a delta basis, reflecting changes on the following day. This report is also available on a custody level if required.
Trades Report
For clients who want to track the entire loan lifecycle in their systems, Sharegain offers a trades report which includes all pending trades at the time of generation. The trades report covers the entire loan lifecycle, including pending trades. It offers flexibility with the option to send reports intraday or daily at end of day.
Revenue allocation
Sharegain provides a billing allocation report at the underlying client/loan level. It matches payments received from the borrower and offers underlying client billing information with full support for variable fee splits for client money allocation.
Collateral report
Sharegain provides an end of day collateral report that breaks down individual collateral records. This is provided at a lender-borrower or underlying client level. The report can be used to establish controls on monitoring collateral coverage and record-keeping.
Books and records
Sharegain enables the creation of a sub-ledger record showing lent assets at the underlying client level, and what collateral is instead held to cover lent assets. Lent assets report are available same-day, and collateral allocations are generated at the start of the following day due to US COB collateral allocation timing.
Regulatory reporting
SFTR
The Securities Financing Transactions Regulation (SFTR) is a regulatory framework that governs the transparency and reporting requirements for securities financing transactions in the European Union. SFTR requires that all transactions be declared to an EU-approved trade repository.
The Securities Financing Transactions Regulation (SFTR) is a regulatory framework that governs the transparency and reporting requirements for securities financing transactions in the European Union. SFTR requires that all transactions be declared to an EU-approved trade repository.
Sharegain provides a dedicated SFTR-specific solution that reports in-scope SFTR transactions on your behalf. This includes a comprehensive breakdown of all loan activities, including loans, trades and collateral.
You will also receive a daily report with all accepted SFTR records reported to the trade repository for the previous business day, giving you full oversight for your books and records, and saving you valuable time.
SEC Rule 10c-1
The U.S. Securities & Exchange Commission’s (SEC) Rule 10c-1 is designed to increase the transparency and efficiency of the securities lending market. The rule requires lenders of securities to report the material terms of securities lending transactions to a registered national securities association (RNSA) by the end of each trading day.
The U.S. Securities & Exchange Commission’s (SEC) Rule 10c-1 is designed to increase the transparency and efficiency of the securities lending market. The rule requires lenders of securities to report the material terms of securities lending transactions to a registered national securities association (RNSA) by the end of each trading day.
Sharegain has extensive experience of supporting our clients’ regulatory reporting requirements. We provide a comprehensive breakdown of loan data as well as the ability to create end-of-day reports.
We are confident we can equip clients with the data and reporting capabilities they need to comply with the rule once the final details are announced.
Related content
Rule 10c-1a is approaching – are you ready?
Securities Lending as a Service: How it works
Securities lending: The evolving regulatory landscape
