Pledge GMSLA Reporting

Status: Best Practice Finalised, Last Updated: 28/09/2021

Question:
How should SLEB under a pledge GMSLA agreement be reported under SFTR?

Best Practice:
All SFTs under pledge agreements should be reported under SFTR. All pledged collateral must be reported using a COLU template message and, if the collateral is being re-used for short covering or any other purpose, it would further need reporting under table 4 for collateral re-use.

The use of the GMSLA Pledge should be reported using the following logic;