New York
02 August 2017
Reporter: Jenna Lomax

AcadiaSoft launches new consultancy service to tackle margin calls


AcadiaSoft has a new consultancy programme to help support collateral management activities at firms dealing with over-the-counter derivatives rules.

Its first release under the AcadiaSoft Expert Service programme will be ISDA SIMM Approval Guidance, which will help with obtaining permission from regulators to use the ISDA SIMM for initial margin calculations.

AcadiaSoft Expert Service is designed to help collateral managers with new OTC derivatives rules introduced by the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) last year.

Under the rules, firms in the non-cleared OTC derivatives market will be required to post and collect initial margin.

As the first release, the ISDA SIMM Approval Guidance service will allocate each firm with an AcadiaSoft expert who will advise and regulate the approval process.

This includes identifying any firm-specific requirements, assigning and compiling supporting research materials, and advising on risk management, before and during approval.

Mark Demo, product director at AcadiaSoft, said: “As phase III and beyond firms look to secure approval themselves, they can rely upon our knowledge and experience to make the regulatory compliance process as quick, painless and cost-effective as possible.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Liquidnet expands its EMEA team
18 August 2017 | London | Reporter: Jenna Lomax
Strobel will report to Bob Garrett, who is head of technology and based in the New York office
TPAs and managers looking to outsource fintech
18 August 2017 | London | Reporter: Jenna Lomax
Global third-party administrators and asset managers are looking to outsource financial technology at an increasing rate, according to Domenic Ionadi, strategic account manager at Confluence
Boeing and JCP name Northern Trust as global custodian
17 August 2017 | Chicago | Reporter: Jenna Lomax
The Boeing Company has mandated Northern Trust to act as global custodian for its €54 billion defined contribution retirement plan
Whitebox Advisors chooses Broadridge suite solution
17 August 2017 | New York | Reporter: Jenna Lomax
Whitebox Advisors has mandated Broadridge Financial Solutions to transform its technology platform into a fully integrated, hedge fund operation
Allfunds to open office in the Nordics
16 August 2017 | London | Reporter: Jenna Lomax
Fund distribution platform Allfunds plans to open a local office in the Nordic region as it pushes ahead with growth plans across Northern Europe
Brian Quintenz takes up role at CFTC
16 August 2017 | Washington DC | Reporter: Mark Dugdale
Brian Quintenz was sworn in as a commissioner of the US Commodity Futures Trading Commission yesterday
LCH launches new SwapClear client account
15 August 2017 | London | Reporter: Drew Nicol
Global clearinghouse LCH has introduced a new type of client account within its SwapClear service that allows buy-side clients to deliver collateral directly and retain beneficial title
More news