Wilmington Trust appoints AcadiaSoft for collateral management solution
13 December 2017 Boston
Image: Shutterstock
Wilmington Trust has appointed AcadiaSoft to deliver a new margin management service.
The margin management solution is designed to assist clients in meeting their margin and collateral obligations arising from derivatives, repurchase agreements, to-be-announced transactions, and other bilateral agreements, allowing Wilmington Trust to support the process as a fully outsourced solution.
Wilmington Trust said the introduction of the margin management will allow it to assist in all aspects of the margin and collateral process, and has the potential to reduces clients’ operational and technology resources.
The solution will be available from early 2018.
Scott Linden, managing director for collateral management at Wilmington Trust, said: “We approached AcadiaSoft because their suite of products provided an integrated solution for our new margin management service.”
He added: “AcadiaSoft’s ProtoColl and MarginSphere services enable our team of custody administration specialists to manage the growing client demand for margin and collateral solutions.”
Sarah Powers, North America sales director for AcadiaSoft, added: “AcadiaSoft works hard to earn our clients’ trust each day. Wilmington Trust’s decision to use our services is validation of our client-first approach.”
The margin management solution is designed to assist clients in meeting their margin and collateral obligations arising from derivatives, repurchase agreements, to-be-announced transactions, and other bilateral agreements, allowing Wilmington Trust to support the process as a fully outsourced solution.
Wilmington Trust said the introduction of the margin management will allow it to assist in all aspects of the margin and collateral process, and has the potential to reduces clients’ operational and technology resources.
The solution will be available from early 2018.
Scott Linden, managing director for collateral management at Wilmington Trust, said: “We approached AcadiaSoft because their suite of products provided an integrated solution for our new margin management service.”
He added: “AcadiaSoft’s ProtoColl and MarginSphere services enable our team of custody administration specialists to manage the growing client demand for margin and collateral solutions.”
Sarah Powers, North America sales director for AcadiaSoft, added: “AcadiaSoft works hard to earn our clients’ trust each day. Wilmington Trust’s decision to use our services is validation of our client-first approach.”
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