Calypso links with AcadiaSoft to enrich collateral management
20 June 2012 London
Image: Shutterstock
Calypso Technology will integrate AcadiaSoft’s MarginSphere service, an electronic messaging and workflow solution for OTC collateral, with the Calypso system.
The partnership combines AcadiaSoft’s automation of the margin process with Calypso’s collateral management solution. AcadiaSoft’s MarginSphere is a messaging framework for collateral, providing an ISDA-compliant workflow that aims to eliminate dependency on email, phone, fax and traditional communication modes with an electronic interface that provides scalability, security and audit trails.
The Calypso system provides a cross-asset collateral management solution that is integrated with front-to-back office management of OTC derivatives and treasury products.
Under the G20 mandate, required clearing of OTC derivatives is expected to ratchet up global collateral requirements by as much as $2 trillion.
“One margin call typically generates five or more messages, and dramatically more if there are disputes. Given the number of accounts, counterparties and trades that any firm has to maintain, the volume of margin messages can rapidly escalate, creating the potential for errors and large processing inefficiencies,” said Chris Walsh, COO at AcadiaSoft.
The partnership combines AcadiaSoft’s automation of the margin process with Calypso’s collateral management solution. AcadiaSoft’s MarginSphere is a messaging framework for collateral, providing an ISDA-compliant workflow that aims to eliminate dependency on email, phone, fax and traditional communication modes with an electronic interface that provides scalability, security and audit trails.
The Calypso system provides a cross-asset collateral management solution that is integrated with front-to-back office management of OTC derivatives and treasury products.
Under the G20 mandate, required clearing of OTC derivatives is expected to ratchet up global collateral requirements by as much as $2 trillion.
“One margin call typically generates five or more messages, and dramatically more if there are disputes. Given the number of accounts, counterparties and trades that any firm has to maintain, the volume of margin messages can rapidly escalate, creating the potential for errors and large processing inefficiencies,” said Chris Walsh, COO at AcadiaSoft.
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