State Street’s Collateral+ business now operational with Acadia
State Street Corporation's Collateral+ business is now operational with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) service.
This integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
By leveraging IMEM & MM, State Street’s Collateral+ business will now enable clients to more efficiently comply with Unclear Margin Rule (UMR) regulations, via proven industry-leading solutions. By integrating Acadia’s services onto the Collateral+ platform, 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. This latest operational development furthers the firm’s fully integrated, yet modular, approach to UMR compliance which is a key benefit in State Street’s Collateral+ platform.
“We are pleased to announce this latest milestone for the firm’s Collateral+ business. With the pending final phases of the Uncleared Margin rules (UMR) 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,” says Staffan Ahlner, Global Head of Collateral+ for State Street. “By maximizing low touch operational processes and speedy resolution of disputes, we continue to focus on ‘enabling the trade’ for current and future clients.”