Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Technology news
  3. Acadia launches Settlement Manager
Technology news

Acadia launches Settlement Manager


27 June 2023 UK
Reporter: SFT

Generic business image for news article
Image: Shutterstock
Acadia has released a centralised settlement solution, Settlement Manager, to support settlement communication for cash and securities transactions and for triparty or third-party segregation.

The derivatives risk management specialist indicates that this will be first in a series of combined initiatives that will accompany London Stock Exchange Group’s takeover of Acadia, announced in December, which closed in April.

The solution was released with a limited client set on 20 July and has been rolled out today to its full list of settlement clients.

In developing Settlement Manager, the tool makes use of the LSEG SWIFT gateway to support message communication to settlement stakeholders.

This solution will enable settlement participants to utilise standing settlement instructions (SSIs) and to access real-time updates on settlement status, thereby supporting automated settlement workflow while stripping out complexity for their settlement activities.

Among other benefits, this is designed to reduce fragmentation across settlement activities by automating messaging with custodians, triparty agents and bilateral counterparties.

Acadia’s co-head of business development Will Thomey says: “Through industry collaboration, we have developed Settlement Manager to enable a more streamlined workflow.

“By leveraging Acadia’s widely used Margin Manager service, firms can settle their pre-agreed transactions within the same shared infrastructure. This shortens the distance between agreeing to transfer collateral and actually making it happen.”

Krzysztof Wierzchowski, vice president at Franklin Templeton, comments, “We have been working with Acadia to help shape a fresh approach to margin settlement.

“We are constantly working to improve efficiency, reduce collateral transfer times, and improve settlement transparency. Accomplishing it all within Acadia’s existing workflows is a strategic win.”
← Previous technology article

JSF and University of Tokyo release report on DLT
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
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ Acadia

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →