BNY Mellon goes live with buy-side collateral messaging service
The new service from BNY Mellon enables investment managers to retain control over the collateralisation of their non-cleared derivatives activities.
The new service from BNY Mellon enables investment managers to retain control over the collateralisation of their non-cleared derivatives activities.
Following a one-year delay to UMR, AcadiaSoft is helping firms test initial margin calculations with a mock go-live program.
Partnership will see mutual clients of Cassini and AcadiaSoft benefit from front-to-back margin optimisation.
Citi has leveraged the ISDA SIMM model to launch a new regulatory margin calculation service for buy-side firms that come into scope from 2020 and 2021.
Counterparties within scope for Phase 4 of initial margin compliance have been onboarded to the AcadiaSoft platform.
Howard Edelstein has been instrumental in developing AcadiaSoft from a FinTech startup since 2009.
Both vendors will combine services for a single collateral platform to help firms meet UMR requirements.
The solution follows a partnership with AcadiaSoft’s Initial Margin Risk Suite for automating collateral management processes.
Margin calls and collateral estimates have been automated on the Charles River IMS with the help of AcadiaSoft.
Collateral and clearing industry veteran Lee McCormack has been appointed head of collateral product management at AcadiaSoft.