back Back

Transcend and Acadia form joint collateral validation service to mitigate UMR challenges

By Edlyn Cardoza

January 12, 2022

  • Acadia
  • Collateral Validation Service
  • Compliance
Share

Transcend, liquidity, Funding Solutions, Acadia, Risk Management, Collateral Validation Service, Uncleared Margin Rules, Compliance, Regulatory, USATranscend, a leading provider of collateral, liquidity, and funding solutions, and Acadia, a leading provider of integrated risk management services, have partnered to deliver an automated, comprehensive, and independent Collateral Validation Service. This service allows the buy-side and broker-dealers to confidently manage the growing complexity and volume of margin activity driven by Uncleared Margin Rules (UMR).

Transcend and Acadia’s Collateral Validation Service is designed to ensure that all end of day collateral balances held at third-party and tri-party custodians meet the required criteria, including collateral eligibility, sufficiency, concentration, and wrong-way risk according to the requirements defined in their related collateral agreements.

This service integrates Transcend’s tri-party and custodian connectivity and collateral validation analytics with Acadia’s margin, collateral, and agreement management products. Delivered together, the combination provides sophisticated validation capabilities as per client agreements and transparently communicates results daily.

By ensuring clients’ collateral portfolios effectively mitigate their derivatives exposures, the Collateral Validation Service will help firms comply with UMR Phase 6 requirements and address the manual challenges that clients in earlier phases of UMR are still looking to resolve. The service will be hosted on Acadia’s platform independent of a client’s existing collateral management workflow, ensuring flexibility.

“With increased pressure from UMR, asset managers and broker-dealers alike are challenged with creating efficient and scalable processes for new compliance requirements. Our Collateral Validation Service empowers firms to confidently and seamlessly respond to the new and existing margin requirements,” said Bimal Kadikar, CEO, Transcend. “As we formally extend Transcend’s offerings to the buy-side, we are excited for the many opportunities ahead with Acadia and look forward to expanding our capabilities in new, transformational ways.”

“Acadia provides a range of services that assist firms with their regulatory requirements. By partnering with Transcend, we continue to ensure that our clients benefit from a more streamlined and automated approach to UMR compliance,” says Mark Demo, Head of Business Development, Acadia. “Our overarching goal is to deliver value and reduce risk for our clients and we are excited by this partnership since it firmly delivers on this objective.”

The connectivity, interoperability, and automation powered by Transcend and Acadia’s joint Collateral Validation Service delivers a seamless validation workflow for buy-side and sell-side participants on a global scale. As Transcend and Acadia kick off their partnership, the Companies are exploring several other collaborative opportunities to meet increasing demand.

Previous Article

January 12, 2022

Only 16.7% of Indian Teenagers are financially literate: Streak Survey

Read More
Next Article

January 12, 2022

Kharon joins Temenos Exchange, adding decision-enabling data on global security threats

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

Acadia

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 Cybersecurity firms helping businesses fight digital crime in India

Read More

January 15, 2024

Synpulse appoints Marouane Bakhtar as Head of UK

Read More

January 15, 2024

Deriv & BVNK bring Solana payments to millions of traders globally

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023