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.”