Sapient Global Markets Enhances Emir Reporting Services

Sapient’s CMRS facilitates firms to report transaction, valuation and collateral on its own, on behalf of a counterparty, or as delegated reporting service to its end clients through a single reporting solution that reports to the DTCC, REGIS-TR and UnaVista  trade repositories (TRs)

"The addition of collateral and valuation functionality is a natural extension of CMRS,” says Arun Karur, vice president of Sapient Global Markets. “It enables firms to centralize their external communications and compliance efforts to achieve a single view of their compliance status. When combined with a streamlined method for identifying trades to be reported and translating data from multiple sources into the specific format, CMRS offers a compelling choice for supporting Dodd Frank and EMIR reporting requirements."

With the August 12 deadline for firms to start reporting collateral and valuation information, approaching, firms are looking for a unique system that will collect and consolidate data through their multiple source systems including, trade booking, valuation and collateral management systems and to report in the specific format required for each TR.