Its first release under the AcadiaSoft Expert Service programme will be ISDA SIMM Approval Guidance, which will help with obtaining permission from regulators to use the ISDA SIMM for initial margin calculations.
AcadiaSoft Expert Service is designed to help collateral managers with new OTC derivatives rules introduced by the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) last year.
Under the rules, firms in the non-cleared OTC derivatives market will be required to post and collect initial margin.
As the first release, the ISDA SIMM Approval Guidance service will allocate each firm with an AcadiaSoft expert who will advise and regulate the approval process.
This includes identifying any firm-specific requirements, assigning and compiling supporting research materials, and advising on risk management, before and during approval.
Mark Demo, product director at AcadiaSoft, said: “As phase III and beyond firms look to secure approval themselves, they can rely upon our knowledge and experience to make the regulatory compliance process as quick, painless and cost-effective as possible.”