A new study found the two-way initial margin rules for non-cleared derivatives will also result in a collateral shortfall of $60 billion alone.
Banks are attempting to find ways to reduce their capital-intensive repo trading activity in order to avoid penalties.
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
JP Morgan has developed a DLT-based system to speed-up and automate post-trade margin payments.
Funds have raised concerns that SFTR requirements on collateral re-use will provide full view of trading book.
Banks may be forced to cancel trades with clients executed after 1 March if their collateral agreements had not been re-negotiated.
The new account structure will allow buy-side clients to post collateral directly with the clearing house.
Derivatives trading bodies are pushing for US agencies to ease rules on how client cash margin held by banks is calculated as part of their capital exposures.
The French bank will use the platform for its collateral management operations across the prime services and securities services businesses globally.
The two companies will allow traders to rewrite their OTC derivatives agreements and pass on the operational workflow.