SmartStream and Acadia team up for automating collateral interest payments

SmartStream Technologies announced its partnership with Acadia to enable increased efficiencies for the processing and calculation of interest statements for TLM Collateral Management customers and their associated counterparties.

SmartStream’s TLM Collateral Management solution will work alongside Acadia’s Interest Statements workflow, available via its industry-standard Margin Manager platform. The solution will dispatch interest statements, reconcile, and resolve issues with counterparties in a standardised messaging format.

This will remove the reliance on email exchanges and often lengthy, complicated dispute resolution by uploading statement data. In addition, Acadia’s matching engine will pair statements, highlight discrepancies, and produce final interest statements for clients and their relevant counterparties.

Richard Barton, head of Product Management at Acadia, said in a statement that the enhanced services, including margin and risk mitigation will “efficiently meet all sell-side, buy-side and fund administrator requirements”.

Jason Ang, program manager, TLM Collateral Management at SmartStream, said in a statement: “TLM Collateral Management coupled with Acadia’s Margin Manager provides integration with a powerful collateral solution and a user-friendly dashboard, allowing for quick exception management, including a complete audit trail with final statements.”


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