BNY Mellon Partners with AcadiaSoft to Launch All-in-One Collateral Workflow

AcadiaSoft Inc., an industry provider of risk and collateral management services for the non-cleared derivatives community, announced a new initiative with BNY Mellon that will allow buy-side market participants to manage margin calls, calculations, reconciliations and instruct the movement of collateral through a single interface according to a story in MarketsMedia news. The firms previously announced a joint offering around outsourced initial margin calculations. This iteration adds significant new functionality that will enable buy-side clients to concentrate their entire collateral lifecycle through their relationship with BNY Mellon and AcadiaSoft, rather than being forced to split different activities among multiple service providers. The AcadiaSoft-BNY Mellon offering will also make compliance with the final two implementation phases of the non-cleared margin rules substantially simpler as buy-side firms come into scope in 2020 and 2021.