Alter Domus has partnered with fintech firm T-REX to enhance data management capabilities and automate regulatory reporting. US credit asset managers will be the first to take advantage of the automation, streamlining European Securities and Markets Authority (ESMA) reporting, and opening up market opportunities for EU investors.
ESMA reporting is in place to drive transparency and protections for investors, and requires granular, asset-level reporting. Many firms do not have the data infrastructure to respond to the reporting obligations without significant operational burdens, thus limiting their abilities to sell securities to EU-based investors.
In response, Alter Domus has partnered with T-REX, a fintech specializing in complex data and structured finance, to transform the manual workflows associated with data management and regulatory reporting for the credit market, including CLOs. T-REX’s technology will automate data pipelines from all parties including issuers, servicers, agents, and trustees, standardizing formats and mapping the data to ESMA reporting templates.
“The automation capabilities coupled with data integrity expertise alleviates challenges in aggregating the right data from various parties, standardizing data across disparate formats, and ensuring regulatory reports are compliant and readily accessible. T-REX looks forward to partnering with Alter Domus and ultimately providing more market participants with solutions to their hardest data challenges, including regulatory-readiness” says Benjamin Cohen, CEO of T-REX.
Clients on the Alter Domus platform, or serviced by Alter Domus on a co-sourcing basis, will now be able run ESMA reports powered by T-REX.
Alter Domus’s partnership with T-REX will deliver a market-leading service to our clients; that ensures they can continue to engage with EU-based investors without taking on significant operational costs and burdensome workflows. Simply put, it will make a difference in their readiness to do deals in the EU, and we’re dedicated to offering the right technology to help them do that.
Tim Ruxton, Managing Director, North America at Alter Domus
Contacts
Alter Domus:
Tim Ruxton
[email protected]
T-REX:
Robyn Cheeseman
[email protected]
