Acadia launches automation service for derivatives payments matching

Acadia announced the introduction of Payments Manager, a new suite of workflow automation services centered around payments. The new payment service leverages Acadia’s position as a global derivatives marketplace where thousands of firms and over 80% of all bilateral OTC derivative margin calls are initiated and cash or securities collateral are pledged to meet those obligations daily.

“Today, the interest on cash collateral and swap payment matching process is a significant driver of inefficiency for buy- and sell-side firms due to the email exchange of data and dual-party manual matching and exception workflows. Acadia has built a unified, automated interest payment, securities collateral and swap payment matching process and combined it in a workflow wrapper, allowing buy and sell-side clients to significantly increase operational alpha,” said one of the first firms using Acadia’s Payments Manager in a statement.

For example, when both firms are using Acadia’s automated monthly interest statement matching process, statements matchup instantly upon receipt with 90% plus payments matched (or written off) before settlement.

“Acadia is a vital resource in margin and collateral messaging, and we expect they’ll become the same in derivatives payment matching and workflow”, said a major asset manager and investment bank using Acadia’s Payments Manager in a statement.

The supported payment types under Payments Manager are set to grow over the next year to include a wide range of Derivative and Securities Payments.


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