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ATP joins clients successfully live on SimCorp’s cloud-based SFTR solution, as the regulation enters its third phase

Tue 19th January, 2021 11:00am
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January 19, 2021

Press Release

SimCorp (, a leading provider of integrated,
front-to-back, multi-asset investment management solutions
( and services to the world’s largest buy-side
institutions, today announces the successful go-live of ATP, Denmark’s
largest public pension fund, on its SFTR solution. ATP’s go-live coincides
with the reporting start date for the third phase of SFTR, on January 11,
where it joins several SimCorp clients who have smoothly transitioned to the
cloud-based regulatory reporting platform, and successfully automated
reporting to their chosen Trade Repository.  

The implementation carried out by SimCorp, fully remotely, as a result of
COVID-19 restrictions, ensured ATP could carry out test operations,
maintaining operational efficiency and business continuity ahead of the third
wave, in already tumultuous market conditions. The go-live sees SimCorp
supporting ATP with reporting for repos and buy sell-backs, tri-party repo
collateral managed by Euroclear, and collateral re-investment. With fluid
integration to Euroclear’s assisted reporting service for tri-party
collateral, ATP can automatically submit SFTR reports across their full
security financing business, without manual interventions.

Morten Holst Kruse, Head of Business Systems at ATP comments: “We are
pleased to have implemented in what has been a fast and fully-remote process,
and with comprehensive user testing effectively completed in December, well
ahead of the third phase. ATP has already seen the benefits of SimCorp’s
SFTR solution in production, including high quality, automated reporting. What
has been particularly valuable, is the ability to integrate our tri-party repo
collateral and reporting of re-used collateral, which efficiently consolidates
the process for the business and provides a complete picture to the

With regulatory reporting being a critical concern for buy-side firms
operating in Europe, the last 12 months has placed a crucial demand for
decision-making on how to approach SFTR reporting . While many firms are busy
settling into their chosen approach and ironing out the kinks, the end of the
transition period for Brexit has added a new pressure for some. With clear
implications for many UK firms and their SFTR reporting, it poses an
altogether different operational minefield. To alleviate this, SimCorp’s
platform is offering clients support for the on-shored SFTR UK regime
reporting, enabling them to report automatically and seamlessly in both
jurisdictions, the UK and the EU.

ATP joins a growing number of clients choosing SimCorp to meet their SFTR
reporting needs. Earlier this year German asset manager Ampega, a
long-standing SimCorp client, also went live with the solution in the second
phase of the regulation, on October 12, covering security lending, including
tri-party collateral, and repos.

Alexander Pfeil, Team Lead Business Operations at Ampega comments: “For
Ampega, the extension for the platform to include SFTR reporting, seemed a
natural next step, having come to rely on SimCorp’s regulatory services and
solution for EMIR reporting. As a result, we have quickly realized additional
value, particularly where we can address the complexity of tri-party
collateral operations. SimCorp’s Regulatory Center of Excellence has shown
incredible knowledge and expertise on the technical details of SFTR reporting
requirements and has been a huge support to our team. Combined with their
established delivery of regulatory services, we have been guaranteed
hassle-free reporting from the start. Shortly after reporting commenced , we
were already able to focus on the finer details of exception management,
including working with our counterparties to resolve reconciliation errors.

Gernot Schmidt, Product Manager for Regulatory Solutions, SimCorp comments:
“We are pleased to welcome ATP and Ampega to a growing number of buy-side
firms choosing SimCorp’s Regulatory Reporting Platform. By delivering the
solution through a highly automated and consolidated platform, we were able to
accommodate our client’s specific needs around the complex areas of
tri-party collateral data and re-use. From early on, the industry understood
the data challenges that SFTR would bring and we designed our solution to
offer flexibility for sourcing the data, without needing to redesign
established operational processes. Additionally, with Brexit concluded, we can
now see in action the value of fusing together cloud technologies and managed
services. It’s already clear, that SFTR UK and SFTR EU will diverge sooner
rather than later, and our offering saves clients the headache of dealing with
this complex problem. This goes beyond cost efficiencies, and enables firms to
concentrate on achieving alpha and employing key experts to add value in the
investment process”.

Officially launched, five months ahead of the original SFTR go-live date back
in October 2019, SimCorp’s SFTR reporting solution has been designed to
offer buy-side clients a flexible and integrated solution for SFTR transaction
reporting. The solution has been developed with pilot client, PGGM, one of
Europe’s largest pension fund service providers, who have taken a proactive
stance to the SFTR regulation from the very beginning. Serving 4.4. million
members, the pension fund was up and running on the solution, far ahead of the
later delayed, April go-live date. Having witnessed a smooth and successful
transition, the pension fund service provider processed over 320 trades and
over 590 valuations in the very first month.

Barry Vrijssen, Manager Operations at PGGM adds: “Having worked with SimCorp
for a number of years, including on regulatory support for both EMIR and
MiFIR, we knew when SFTR came along, that it made sense to have one source of
data for both reporting and operational workflows. SimCorp’s consolidated
approach, integrated Investment Book of Record (IBOR), market-standard
solution and ability to customize to our unique needs, have been critical to
our success.”
Central to the success of SimCorp’s SFTR solution, is its integrated
Investment Book of Record (IBOR), built since inception. Delivering one source
of seamless and unified data, SimCorp clients benefit from the same highly
automated daily report processes, they have in place for investment and
collateral operations. At the same time, and as part of its service-oriented
approach SimCorp is also taking on the responsibility and maintenance of
compliance with SFTR, as a managed service. This includes capturing and
implementing all regulatory changes, within seamless upgrades.

Enquiries regarding this announcement should be addressed to:

Mittal Shah, Head of PR, SimCorp Global +44 (0)207 397 8072

About SimCorp  
SimCorp provides integrated, best-in-class, multi-asset investment management
solutions ( to the world’s leading asset managers,
fund managers, asset servicers, pension and insurance funds, wealth managers,
central banks, sovereign wealth funds, and treasury. Deployed on premise or in
the cloud, SimCorp’s core solution, SimCorp Dimension(®), alongside SimCorp
Coric(®), SimCorp Gain(™), and SimCorp Sofia(™) form a powerful and
complete solution. Together with a range of managed services, they support the
entire investment life cycle, based on a market-leading IBOR
( SimCorp invests around 20% of its annual revenue in
R&D, helping clients develop their business and stay ahead of ever-changing
industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company,
with regional offices across Europe, North America, and Asia Pacific. For more
information, please visit
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