Sapient Global Markets Facilitates Compliance Reporting with DTCC's Swap Data Repository

Sapient (NASDAQ: SAPE) Global Markets has today announced its Compliance Management andReporting System (CMRS) will be offered for customers connecting to TheDepository Trust & Clearing Corporation (DTCC) Swap Data Repository (SDR)reporting. CMRS provides firms with a complete solution for more efficientlyand effectively meeting regulatory reporting commitments.Regulations, such as the Dodd-Frank Act, European Market InfrastructureRegulation (EMIR) and the Regulation on Energy Market Integrity andTransparency (REMIT), are increasing reporting requirements for firms in thecapital and commodity markets. Sapient's CMRS allows firms to collate vastamounts of data from disparate systems, translate it into the destinationmessage format, deliver it directly to regulators and receive acknowledgementmessages back from DTCC. Additionally, it provides a single view of complianceregardless of operating model and required reporting venue.“DTCC is focused on delivering to our clients world-wide effective solutionsthat bring greater cost efficiency, transparency and risk mitigation to theOTC derivatives market. Our global trade reporting platform is designed withan open architecture which allows a wide universe of market participants togain seamless access to our services which help them meet their regulatoryreporting requirements around the world,” said Chris Childs, managingdirector, Deriv/SERV. “Working with complementary solution providers such asSapient Global Markets and connecting with CMRS is a prime example of how welook to accomplish just that and jointly help our mutual clients face thechallenges of an evolving regulatory landscape.”Designed for firms doing business across borders, CMRS connects to all majortrading and risk management systems that process high volumes of swaps andother OTC products. It is SDR agnostic and is the only system to date thatcollects and normalizes data from multiple sources before transforming it intoformats accepted by regulatory reporting destinations. It is this end-to-endcapability that ensures firms concerned with swap data reporting have a singleview of compliance regardless of operating model and required reporting venue.