AcadiaSoft Makes APAC Push Ahead of Final UMR Phases
27 Oktober 2020 - 1:00AM
Business Wire
Announces Expanded APAC Efforts on the Heels of
Opening its Japan Entity and Expansion into New Markets
AcadiaSoft Inc., the leading industry provider of risk and
collateral management services for the non-cleared derivatives
community, today announced a new effort to make its products and
solutions more accessible to the APAC region as Phase 5 and 6 firms
fall into scope for the Uncleared Margin Rules (UMR).
AcadiaSoft has been present in APAC for nearly five years, and
its services are used by more than 60 local firms, including nearly
all of the major Australian, Japanese, Singaporean and Hong Kong
financial institutions. This includes agreements with the trust
banks in Japan. These banks provide AcadiaSoft services as an
outsourced operation to their customers and global fund
administrators, which helps buy-side firms in Japan more easily
access the AcadiaSoft community. AcadiaSoft currently has
engagements with banks and vendors in Korea, Mainland China, New
Zealand, Taiwan and Thailand, and recently entered into
partnerships with two Korean vendors.
AcadiaSoft will expand functionality for key products in APAC,
including IM Threshold Monitor. Firms will be able to
electronically agree to IM Threshold Monitor terms using an
industry standard side letter as per local regulatory requirements
in the APAC Region. AcadiaSoft will also provide more ways for APAC
firms to access its industry-standard tools, such as IM Exposure
Manager, and add more local-language resources for Japanese and
Korean firms.
“Phase 5 is a crucial threshold for many institutions in the
APAC region, and the challenges in this region are unique, with
many disparate local regulations and language barriers,” said
Takashi Nagai, Head of Business Development, APAC. “We are working
closely with clients across the region to ensure they are equipped
with our best-in-class solutions and local resources as they
navigate the final phases of the Uncleared Margin Rules.”
AcadiaSoft recently established a Japanese legal entity,
AcadiaSoft Japan GK, which will provide sales, marketing and
account management functions. In addition, AcadiaSoft has launched
a Japanese-language website. The new website will make it easier
for Japanese firms to learn about and engage with AcadiaSoft,
including through AcadiaSoft’s local working groups in Japan, which
focus on UMR and other regulatory and industry requirements that
are specific to the region.
ABOUT ACADIASOFT
AcadiaSoft, Inc. is the leading industry provider of risk and
collateral management services for the non-cleared derivatives
community. AcadiaPlus is a new generation 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/.
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AcadiaSoft Laura Craft +44 20 3954 0196
laura.craft@acadiasoft.com
Eleis Brennan +1 212-754-5610 ebrennan@intermarket.com