HazelTree partners with MarginSphere for collateral
20 January 2016 New York
Image: Shutterstock
HazelTree has partnered with AcadiaSoft to enhance the collateral management capabilities of the HazelTree Integrated Treasury Management Solution.
The existing HazelTree collateral management solution will be combined with AcadiaSoft MarginSphere, a margin confirmation community that aims to streamline communications between counterparties engaged in collateral management.
The combined service is open to hedge funds, fund administrators, managed account providers and family offices and will be available in Q1 this year.
The expanded functionality of the HazelTree collateral management solution will allow market participants to communicate information on exposures, commitments and adjustments between counterparties in a complete, verifiable and secure manner via electronic messaging.
The integration will enhance HazelTree’s solution to the complex issues associated with collateral management workflow, while providing the MarginSphere users with access to HazelTree’s hedge fund and asset manager clients.
It is capable of handling any product covered within an International Swaps & Derivatives Association, credit support annex or Global Master Repurchase Agreement.
“Collateral Management is integral to treasury management and it is becoming increasingly complex and difficult to manage due to a range of regulatory and other factors,” said Stephen Casner, CEO of HazelTree.
“Our partnership with AcadiaSoft brings best-in-class collateral-management enhancements to our platform and will provide HazelTree customers with additional opportunities to improve business results through reduced risk and more efficient operations.”
David Radley, client engagement director of AcadiaSoft, added: “Our strategic partnership with HazelTree provides AcadiaSoft with seamless access to HazelTree’s impressive roster of hedge funds and asset managers which is important to the continued expansion of our margin confirmation community.”
“By working together, HazelTree and AcadiaSoft will further the implementation of industry standards for the margin process—a critical element of Dodd-Frank and Basel III compliance.”
The existing HazelTree collateral management solution will be combined with AcadiaSoft MarginSphere, a margin confirmation community that aims to streamline communications between counterparties engaged in collateral management.
The combined service is open to hedge funds, fund administrators, managed account providers and family offices and will be available in Q1 this year.
The expanded functionality of the HazelTree collateral management solution will allow market participants to communicate information on exposures, commitments and adjustments between counterparties in a complete, verifiable and secure manner via electronic messaging.
The integration will enhance HazelTree’s solution to the complex issues associated with collateral management workflow, while providing the MarginSphere users with access to HazelTree’s hedge fund and asset manager clients.
It is capable of handling any product covered within an International Swaps & Derivatives Association, credit support annex or Global Master Repurchase Agreement.
“Collateral Management is integral to treasury management and it is becoming increasingly complex and difficult to manage due to a range of regulatory and other factors,” said Stephen Casner, CEO of HazelTree.
“Our partnership with AcadiaSoft brings best-in-class collateral-management enhancements to our platform and will provide HazelTree customers with additional opportunities to improve business results through reduced risk and more efficient operations.”
David Radley, client engagement director of AcadiaSoft, added: “Our strategic partnership with HazelTree provides AcadiaSoft with seamless access to HazelTree’s impressive roster of hedge funds and asset managers which is important to the continued expansion of our margin confirmation community.”
“By working together, HazelTree and AcadiaSoft will further the implementation of industry standards for the margin process—a critical element of Dodd-Frank and Basel III compliance.”
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