02 August 2017
New York
Reporter: Jenna Lomax

AcadiaSoft launches new consultancy service to tackle margin calls


AcadiaSoft has a new consultancy programme to help support collateral management activities at firms dealing with over-the-counter derivatives rules.

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.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
No further SFT regulations on the horizon, says European Commission
20 October 2017 | Paris | Reporter: Jenna Lomax
article synopsis 300 characters only so it fits to three lines. always add three periods to finish synopsis...
LEI compliance is non-negotiable, says ESMA
20 October 2017 | Paris | Reporter: Jenna Lomax
Steven Maijoor, chair of ESMA stated that there is no room for negotiation where legal entity identifiers are concerned
US appeals court dismisses US equity lending mismanagement case
20 October 2017 | Missouri | Reporter: Drew Nicol
Allegations of mismanagement of a securities lending programme brought by two US Bank pension beneficiaries was dismissed by the US Court of Appeals for the Eighth Circuit this week
Clearstream promises post-Brexit services continuity
19 October 2017 | London | Reporter: Jenna Lomax
Clearstream confirmed it will continue to offer stable custody services to its UK-based clients no matter how the Brexit negotiations evolve
EU commission lays down the law on MiFID II compliance
19 October 2017 | Brussels | Reporter: Jenna Lomax
Belgium, Malta, France, Greece, Luxembourg, Netherlands, Portugal, Spain and Sweden are among the 19 infringing member states due to face the commission’s wrath
Margin rules depress derivative contract terms, survey finds
19 October 2017 | Brussels | Reporter: Jenna Lomax
Only few changes were reported regarding credit terms and conditions with respect to non-centrally cleared OTC derivatives
AAOI and Euronav top FIS hot stocks lists
18 October 2017 | London | Reporter: Jenna Lomax
The Belgium-based operator of crude oil tankers and storage facilities, has been a regular feature on the list in the last month