CloudMargin and AcadiaSoft have partnered to provide real-time collateral management communication to their clients.
Using the new link to AcadiaSoft MarginSphere, CloudMargin’s clients are able to issue and respond to margin calls, manage disputes and then negotiate and process margin movements electronically with their brokers.
This happens in real-time without sending emails or faxes, prevents the re-keying of data and removes the need to monitor an email inbox.
CloudMargin clients pay a rolling monthly subscription based on actual usage levels and receive a full-featured collateral management platform that, CloudMargin claims, outperforms “the dated million-dollar offerings of the legacy technology vendors”.
MarginSphere is a margin confirmation community where counterparties engaged in collateral management can automate the complete margin cycle.
It is the result of collaboration between AcadiaSoft and the industry’s largest financial institutions who are focused on driving efficiencies and reducing risks through margin automation.
CloudMargin’s link to AcadiaSoft is live and immediately available to new and existing clients.
“The move from email and fax communications to electronic messaging is the greatest single driver of efficiency and STP the collateral management world has seen in years,” commented Andy Davies, founder and CEO of CloudMargin.
“AcadiaSoft’s innovative solution is a natural partner of CloudMargin and together our clients and their brokers will see immediate efficiency and accuracy gains. I’m thrilled to offer this new functionality to our rapidly growing client base."
Chris Walsh, chief operating officer at AcadiaSoft, said: “We are excited to be integrated with CloudMargin to bring increased [straight-through processing] to the collateral management process.”
“The welcome addition of CloudMargin to the AcadiaSoft community is a key advancement for us towards our goal of a completely automated, industry-wide margin process.”
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