AcadiaSoft reveals new risk service suite
12 April 2019 Hong Kong
Image: Shutterstock
AcadiaSoft has launched a new risk services suite that will support buy-side firms coming into scope for phase 5 of the uncleared margin rules in September 2020.
The new risk services suite was revealed in a new AcadiaSoft Industry Automation Report following the Annual General Meeting held by the International Swaps and Derivatives Association (ISDA).
Tools available under the new platform include IM Exposure Manager, AgreementManager, MarginManager and sensitivities calculation services.
The report also focused on several “industry milestones” that have been achieved throughout Q1 2019 (1 January to 31 March), as well as new initiatives that will be implemented to ensure the continuation of such successes.
Achievements highlighted in the report include regulatory initial margin (IM) exposure calculations, which stand at over $131 billion for the 43 counterparties affiliated with AcadiaSoft’s IM Exposure Manager service.
AcadiaSoft’s CEO Chris Walsh commented: “We estimate that our latest volume figures represent more than 99 percent of total IM credit support annex agreements industry-wise.”
Commenting on the new venture, Mark Demo, director of industry and strategy, said: “As buy-side firms prepare to meet the 2020 uncleared margin rules, we have simplified compliance by bundling all of our key IM services into one single contract at a low cost that enables the industry to operate efficiently by utilising existing solutions in the market.”
The new risk services suite was revealed in a new AcadiaSoft Industry Automation Report following the Annual General Meeting held by the International Swaps and Derivatives Association (ISDA).
Tools available under the new platform include IM Exposure Manager, AgreementManager, MarginManager and sensitivities calculation services.
The report also focused on several “industry milestones” that have been achieved throughout Q1 2019 (1 January to 31 March), as well as new initiatives that will be implemented to ensure the continuation of such successes.
Achievements highlighted in the report include regulatory initial margin (IM) exposure calculations, which stand at over $131 billion for the 43 counterparties affiliated with AcadiaSoft’s IM Exposure Manager service.
AcadiaSoft’s CEO Chris Walsh commented: “We estimate that our latest volume figures represent more than 99 percent of total IM credit support annex agreements industry-wise.”
Commenting on the new venture, Mark Demo, director of industry and strategy, said: “As buy-side firms prepare to meet the 2020 uncleared margin rules, we have simplified compliance by bundling all of our key IM services into one single contract at a low cost that enables the industry to operate efficiently by utilising existing solutions in the market.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
