SimCorp and AcadiaSoft partner for margin automation
SimCorp and AcadiaSoft have partnered to offer an improved solution for automating margin between counterparties active in collateral management.
The solution involves use of AcadiaSoft’s MarginSphere, which facilitates communication between counterparties, also improving their ability to meet regulatory requirements.
The solution works by offering dispute-based processing and instant management reporting, and it facilitates straight through processing.
MarginSphere is integrated with SimCorp’s Dimension collateral management solution, which means users of Dimension can do all their work off a single platform.
Marc Schröter, senior vice president and head of strategic research at SimCorp, said: “Collateral has become increasingly important in order to manage credit risk and comply with global central clearing regulation and 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.”