The service will be available through AcadiaSoft’s AcadiaPlus, a collateral, margin and risk mitigation platform.
Norwell, MA, February 4, 2020 – AcadiaSoft Inc., the leading industry provider of risk and
collateral management services for the non-cleared derivatives community, today announced it will launch a joint initial margin analytics service with Clarus Financial Technology (FT). The service, enabled by AcadiaSoft’s Access application (part of AcadiaPlus), allows Clarus FT to provide clients with margin analytics, calculations and modeling for non-cleared Initial Margin (IM).
Through the partnership, AcadiaSoft will make its IM data available via Access and provide the Common Risk Interchange Format (CRIF) data – which forms the input to the client’s SIMM™ calcuation – to Clarus FT. The service can be used by trading desks and treasury funding departments among others to perform “what-if” margin impact analysis and get an early forecast of the next day’s IM requirements. .
“We’re excited to offer clients the ability to analyze and optimize IM on an intraday basis through Clarus FT’s platform,” said Fred Dassori, Head of Strategic Development at AcadiaSoft. “By collaborating with technology providers like Clarus FT, we continue to expand our role as the industry’s one-stop-shop for compliance with the Uncleared Margin Rules.”
Clarus FT’s technology uses CRIF files for input into the ISDA SIMM Margin Calculation, which provides the start of day initial margin baseline. New intraday trades and “what-if” trades are added to the CRIF baseline, enabling users to assess the IM impact of new or potential trades.
“Our partnership will provide clients with direct access to AcadiaSoft’s initial margin and CRIF data, meaning that our customers can be live with actual production data in week one,” said Amir Khwaja, CEO of Clarus FT. “As the industry grapples with burdensome regulatory requirements, it is critical that service providers work together to streamline post-trade infrastructure.”
ABOUT ACADIASOFT AcadiaSoft, Inc. is the leading industry provider of risk and collateral management services for the non-cleared derivatives community. AcadiaPlus is a new generation open platform that provides the sell-side, the buy-side and fund administrators with specialist applications and a third-party partner ecosystem for the straight-through processing of the entire risk mitigation lifecycle. Backed by 16 major industry participants and market infrastructures, AcadiaSoft is used by a community of more than 1100 firms exchanging approximately $700B of collateral on a daily basis via its margin automation services. AcadiaSoft is headquartered in Norwell, MA, and has offices in London, New York and Tokyo. For more information, visit acadiasoft.com.
ABOUT CLARUS FINANCIAL TECHNOLOGY Clarus Financial Technology provides cloud-based risk analytics and data services to companies engaged in bilateral and cleared OTC Derivatives trading activity. Swap Dealers, Clearing Members and clients use Clarus Financial Technology to perform ‘what-if’ margin calculations, optimise their cleared and bilateral portfolios, attribute margin, perform CCP default management obligations and understand their IBOR transition impact. Formed in 2012 in response to new regulations changing derivatives markets, Clarus Financial Technology use state-of-the-art design to deliver high performance and reliability to their global client base. For more information, visit clarusft.com.
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