TriOptima reconciles data to DTCC and GTR

Source: TriOptima

TriOptima, the award-winning post trade infrastructure provider, announces today that its triResolve Repository Reconciliation service is actively reconciling data reported to The Depository Trust & Clearing Corporation (DTCC)’s Global Trade Repository (GTR) by institutions regulated by the Monetary Authority of Singapore (MAS), the Australian Securities and Investments Commission (ASIC) and the Hong Kong Monetary Authority (HKMA).

DTCC’s GTR is a registered global trade repository in all three jurisdictions and enables parties who have reporting requirements under MAS, ASIC or HKMA to report derivatives contracts and meet their trade reporting obligations. triResolve receives reported data directly from DTCC’s GTR through an automated link. Over 20 firms are already using the triResolve service to verify the accuracy of the reported trade data.

Using an algorithmic matching process triResolve matches and compares trade data reported to the trade repository to another data set sent to triResolve without the need for a common matching ID. Users can validate a repository record against an in-house record, reconcile both repository records or compare all three in one view. With tools to investigate and resolve differences users can validate and align their data to ensure reporting accuracy.

Peter Tierney, Head of DTCC’s GTR in Asia, said: “We continue to work closely with TriOptima to help our clients achieve greater operational efficiencies. Ensuring the quality of reported data through controls and reconciliation is a priority for us and the industry.”

Raf Pritchard, CEO of triResolve, said: “triResolve Repository Reconciliation has experienced significant growth as trade reporting has become more embedded across the globe. Regulators are currently focused on the accuracy of the reported data, and we are pleased to assist our clients with this. Our automated link to DTCC dramatically improves this process.”

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