Omgeo ProtoColl Links to DTCC Global Trade Repository

June 30, 2014 - PRLog -- New York/Boston/London/Hong Kong/Singapore — 30 June 2014 —Omgeo (http://www.omgeo.com/), the global standard for post-trade efficiency, today announced that Omgeo ProtoColl (http://www.omgeo.com/protocoll)^®, its automated collateral and margin management solution, is offering a standard interface to The Depository Trust & Clearing Corporation (DTCC (http://www.dtcc.com/)) Global Trade Repository (http://www.dtcc.com/data-and-repository-services/global-trade-repository.aspx) (GTR), the world’s largest derivatives trade data repository.  ProtoColl clients can leverage the new interface to meet the upcoming European Market Infrastructure Regulation (EMIR) requirement for collateral reporting.

EMIR entered into force on March 15, 2013 and introduced a range of changes to the derivatives market including central clearing mandates, increased margin and collateral requirements for OTC derivatives transactions as well as trade reporting of over the counter and exchange traded derivatives. Trade reporting requirements became mandatory on February 12, 2014 and, effective August 11, 2014, most European market participants that enter into derivatives transactions will also be required to report collateral data.

Omgeo ProtoColl provides users with a solution to help meet the upcoming EMIR requirements by linking collateral across a firm with originating transactions/positions, and reporting this data to GTR.  Firms often gather data from disparate systems across their organization, making it difficult to tie transaction information with collateral and, therefore, meet their new reporting requirements. ProtoColl matches collateral with originating transactions or positions and reports the consolidated data in a GTR standard format within the interface. Key data elements within the ProtoColl collateral report include unique trade identifiers (UTI), legal entity identifiers (LEI) and/or internally-generated identifiers matching the client-reported derivatives data.

“Omgeo ProtoColl offers its users a reliable and convenient new interface to GTR, seamlessly enabling the collateral reporting capabilities,” commented Rick Enfield, Executive Director of ProtoColl Product Management at Omgeo. “New regulations have changed the way our clients manage their collateral, and Omgeo ProtoColl is adding new functionality to enable its users to conform to these new standards and create efficiencies in their operating environments, in Europe and around the globe.”

“As evolving regulatory reporting requirements come into effect in Europe and around the world, DTCC is committed to leveraging our Omgeo assets to provide end-to-end solutions that deliver even greater value to our mutual clients. The ProtoColl and GTR interface is a demonstration of that commitment to strategic partnership and delivering efficiencies “ says Sandy Broderick, CEO of DTCC’s Global Trade Repository. “We look forward to continuing to work with our clients to meet their evolving business and compliance needs.”

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About Omgeo^SM

Formed in 2001, Omgeo automates trade lifecycle events between investment managers, broker/dealers and custodian banks, enabling 6,500 clients and 80 technology partners in 52 countries around the world to seamlessly connect and interoperate. By automating and streamlining post-trade operations, Omgeo enables clients to accelerate the clearing and settlement of trades, and better manage and reduce their counterparty and credit risk. Omgeo’s strength lies within its global community and its ability to create solutions to enable clients to realize clear returns on their investment strategies, while responding to changing market and regulatory conditions. Across borders, asset classes, and trade lifecycles, Omgeo is the global standard for operational efficiency across the investment industry. For more information, please visit www.omgeo.com or follow us on Twitter @Omgeo (http://www.twitter.com/omgeo).

About Omgeo ProtoColl

With Omgeo ProtoColl, firms can manage their margin and collateral calls across their entire trading operation, enabling them to make smarter, more effective use of all of their collateral. ProtoColl is an end-to-end exceptions-based collateral management solution. ProtoColl offers one-stop collateral management, from collating data, through calculating and publishing calls, managing disputes and reconciliations, to optimizing the collateral selection and collateral movement notifications. To learn more, please visit www.omgeo.com/protocoll.

About DTCC Global Trade Repository (GTR)

DTCC Global Trade Repository (GTR) is the industry's solution of choice for global derivatives reporting. GTR holds detailed data on derivatives transactions globally and is an essential tool for managing systemic risk, providing regulators with unprecedented transparency. GTR processes tens of millions of submissions per week, spans three continents, and enables users to meet their regulatory reporting obligations wherever they are located in an open, cost effective and efficient manner via a single platform. GTR is the only non-commercial global provider of derivatives transaction reporting services and is uniquely positioned to help market participants address some of their most important operational and regulatory challenges in this ever-evolving environment. The GTR is offered in Europe by DTCC Derivatives Repository Ltd.  For more information on GTR, please visit www.dtcc.com/gtr.