AcadiaSoft announced the launch of CollateralManager, which will provide complete end-to-end collateral management for all buy-side
firms via the AcadiaSoft Hub. The web-based platform covers all agreement types – OTC Bilateral, OTC Cleared, Exchange Traded Derivatives, Repo, MSFTA, Securities Lending and Borrowing and lends itself to asset managers, hedge funds and corporates who have regulatory and operational requirements to automate their internal collateral management process.
CollateralManager is fully integrated into AcadiaSoft’s MarginSphere, a margin confirmation service that streamlines communications between counterparties engaged in collateral management through automation and electronic messaging. The inventory management capability tracks available collateral from allocation to agreed obligations. The service also provides position management, which will set collateral values based on eligibility terms and the latest pricing data. Participating firms will be able to access all the banks currently engaged on the AcadiaSoft Hub.
“Collateral management can be especially time-consuming under the new margin rules for smaller side firms that have fewer internal resources,” said Mark Demo, Product Director at AcadiaSoft.
“CollateralManager is a light-touch platform that gives access to both collateral management and messaging services across all agreement types.”