State Street’s Collateral+ business is now operational with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) services.
This integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
It will not only aid clients in complying with Uncleared Margin Rule (UMR) regulations, but also State Street’s clients will avoid and resolve disputes for SIMM/Grid calculations and increase their operational efficiency by providing standard calculation, reconciliation and straight-through margin processes.
Staffan Ahlner, global head of Collateral+ for State Street, says: “With the pending final phases of the Uncleared Margin rules for over-the-counter (OTC) derivatives, an increasing number of our clients are looking to replace manual processes with new tools that focus on workflow automation.
“By maximising low touch operational processes and speedy resolution of disputes, we continue to focus on ‘enabling the trade’ for current and future clients.”
