PM Capital extends use of Catena Trace reporting for OTC derivatives

Source: Catena

Catena Technologies today announced that Sydney-based fund manager PM CAPITAL has extended its use of Catena TRACE Reporting to report collateral and valuation to the Australian Securities and Investments Commission (ASIC).

 "Catena's trade reporting solution has already proven valuable in meeting our regulatory trade reporting obligations," said Ben Skilbeck, Chief Executive Officer for PM CAPITAL. "The system manages the trade reporting of all required asset classes, as well as the reporting of valuation and collateral, thereby providing us a consolidated platform that helps remove operational inefficiencies. Additionally, the system’s built-in reconciliation features will help us to ensure the high data quality of our regulatory submissions. Beyond the immediate trade reporting requirements, we look forward to continual innovations from Catena that will enable PM CAPITAL to make increasingly strategic use of consolidated reporting data.”

Catena Technologies' TRACE Reporting system enables financial institutions across the globe to report OTC derivatives trades to regulators via trade repositories. The system manages the end-to-end trade reporting workflow by automatically capturing, calculating, enriching, transforming, and submitting the required information to trade repositories, as well as reconciling trade repository reports with firm's in-house and external systems. TRACE Reporting supports multiple jurisdictions across Asia Pacific and Europe, including MAS, ASIC, HKMA, JFSA and EMIR. In addition, Catena's hosted platform enables financial institutions to fulfil their reporting obligations securely and adapt to new requirements even more quickly.

"PM CAPITAL was an early adopter of Catena TRACE Reporting from the beginning of ASIC buy-side trade reporting. They have shown strategic foresight throughout the implementation," said Aaron Hallmark, CEO of Catena. "PM CAPITAL are concerned not only with managing the tactical challenges with regulatory reform, but also in achieving long term strategic value in their regulatory compliance systems. It’s the same approach that they bring to their customers, which is to focus on creating long-term investment value. We are pleased to be part of PM CAPITAL’s long-term vision, and we look forward to helping the firm continue to achieve success.“

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