Hazeltree Enhances Hazeltree Collateral Manager™ With AcadiaSoft Partnership
February 20 2020 - 3:00AM
Hazeltree Enhances Hazeltree Collateral Manager™ With AcadiaSoft
Partnership
Hazeltree, the leading provider of integrated treasury management
and portfolio finance solutions, today announced the expansion of
Hazeltree Collateral Manager™ to include Standard Initial Margin
Model (SIMM) calculations in partnership with AcadiaSoft. This new
partnership helps clients to meet their obligations under Phases 5
and 6 of the Uncleared Margin Rules (UMR).
Under the new rules, derivatives trading
relationships become increasingly complex, requiring both sides of
each transaction to calculate daily Initial Margin (IM).
Calculating bilateral margin under SIMM requires sophisticated
risk, sensitivities and market data inputs across all covered
trading with each respective counterparty.
This initiative will provide the Hazeltree
buy-side community with seamless margin calculations for their
entire margin workflow, all in a single cloud solution. Hazeltree
Collateral Manager helps optimize collateral usage, minimize
operational risks, strengthen controls and enhance treasury ROI
through a streamlined, automated OTC collateral management
process.
“By partnering with Hazeltree, we’re able to
offer the buy-side community a state-of-the-art integrated solution
that both helps our clients meet their UMR obligations and takes
another step toward standardization across the industry. The more
consistency we can bring to these services, the more efficient
we’ll make the entire margin process for our clients,” said Fred
Dassori, Head of Strategic Development at AcadiaSoft.
“Hazeltree supports all aspects of the
collateral management processes, ensuring our clients are fully
equipped to meet the upcoming phases of UMR,” said Paul
Calderone, Chief Operating Officer of Hazeltree. "We partner
with industry leaders to better service buy-side firms. We are
delighted to add AcadiaSoft to our list of partners as we continue
enhancing our collateral management capabilities.”
About AcadiaSoft,
Inc.AcadiaSoft, Inc. is the leading industry provider of
risk and collateral management services for the non-cleared
derivatives community. AcadiaPlus is an 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. Follow us on
Twitter: https://twitter.com/AcadiaSoft_ and LinkedIn:
https://www.linkedin.com/company/acadiasoft-inc/.
About Hazeltree Hazeltree is
the leading treasury management and portfolio finance solutions
provider, serving hedge funds, private markets, asset managers,
fund administrators, insurance companies and pension funds with
powerful, proactive performance enhancement and risk mitigation
capabilities that generates alpha from streamlined operations and
reduces a range of liquidity and funding risks. Hazeltree’s
integrated solution includes comprehensive cash management,
securities financing, collateral management, counterparty
management and margin management capabilities. Hazeltree is
headquartered in New York with offices in London and Hong Kong. For
more information, please visit www.hazeltree.com.
Media relations contact: Julia Dehay Jdehay@hazeltree.com+1
(646) 502-5981