SimCorp teams up with AcadiaSoft for collateral management
24 July 2013 Copenhagen
Image: Shutterstock
Investment management solutions company SimCorp and AcadiaSoft, a provider of margin automation for counterparties engaged in collateral management, have entered into a product partnership.
The agreement will see AcadiaSoft integrate its MarginSphere product with the SimCorp Dimension collateral management solution.
AcadiaSoft’s MarginSphere service automates the margin process through dispute-based processing and instant management reporting.
“As a result of the agreement, SimCorp’s clients will be able to use MarginSphere to quickly identify collateral disputes, and improve issue and exception handling, as well as to enable efficiencies, greater STP and faster end-to-end processing,” according to a statement from SimCorp.
“In addition, it allows SimCorp’s clients to communicate vital information on exposures, commitments and adjustments between counterparties in a complete, verifiable and secure manner.”
Collateral has become “increasingly important” to managing credit risk and complying with global central clearing regulations, according to Marc Schröter, senior vice president and head of strategic research at SimCorp.
“This is driving a virtual explosion in the amount of traffic related to collateral management, which can no longer be managed manually. An automated solution is required, and we expect this agreement will create increased value for our clients, enabling them to further minimise operational risk, improve efficiency and enhance transparency.”
Craig Welch, CEO of AcadiaSoft, added: “The partnership delivers the best of both worlds, allowing SimCorp clients to benefit from SimCorp Dimension’s strong position-keeping, exposure calculation and collateral management functionality while getting access to the market-leading margin call messaging functionality.”
Copenhagen-based SimCorp released a new version of SimCorp Dimension in February and plans to release the next version in August.
Version 5.3 of SimCorp Dimension includes reverse stress testing for increased risk management; collateral substitution, which enables better forecasting and improved control; and separation of compliance information.
The agreement will see AcadiaSoft integrate its MarginSphere product with the SimCorp Dimension collateral management solution.
AcadiaSoft’s MarginSphere service automates the margin process through dispute-based processing and instant management reporting.
“As a result of the agreement, SimCorp’s clients will be able to use MarginSphere to quickly identify collateral disputes, and improve issue and exception handling, as well as to enable efficiencies, greater STP and faster end-to-end processing,” according to a statement from SimCorp.
“In addition, it allows SimCorp’s clients to communicate vital information on exposures, commitments and adjustments between counterparties in a complete, verifiable and secure manner.”
Collateral has become “increasingly important” to managing credit risk and complying with global central clearing regulations, according to Marc Schröter, senior vice president and head of strategic research at SimCorp.
“This is driving a virtual explosion in the amount of traffic related to collateral management, which can no longer be managed manually. An automated solution is required, and we expect this agreement will create increased value for our clients, enabling them to further minimise operational risk, improve efficiency and enhance transparency.”
Craig Welch, CEO of AcadiaSoft, added: “The partnership delivers the best of both worlds, allowing SimCorp clients to benefit from SimCorp Dimension’s strong position-keeping, exposure calculation and collateral management functionality while getting access to the market-leading margin call messaging functionality.”
Copenhagen-based SimCorp released a new version of SimCorp Dimension in February and plans to release the next version in August.
Version 5.3 of SimCorp Dimension includes reverse stress testing for increased risk management; collateral substitution, which enables better forecasting and improved control; and separation of compliance information.
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