TriOptima, the post trade infrastructure solution from ICAP plc (LON:IAP), announced today the launch of its latest post trade service, triResolve Margin, a web-based, end-to-end margin processing solution delivered in collaboration with AcadiaSoft.
triResolve Margin assists market participants in meeting the challenges posed by the new regulatory requirements for margining uncleared OTC derivatives by automating the margin process in a comprehensive, scalable and cost-effective solution.
With over 1,500 clients already using triResolve to reconcile portfolios and investigate disputes, triResolve Margin builds upon that foundation and, through its AcadiaSoft partnership, delivers exception-based processing with straight-through-processing rules.
triResolve Margin calculates margin requirements leveraging information from triResolve’s reconciled trade, collateral balance, and CSA data, and communicates the automated margin calls through AcadiaSoft’s MarginSphere®. triResolve Margin flags disputed calls and references portfolio reconciliation data for further investigation. Rules-based eligibility checks enable automated agreement of collateral pledges.
“triResolve Margin is a very important breakthrough in margin processing and extremely timely given the impending margin requirements for uncleared trades,” said Raf Pritchard, CEO of triResolve. “By integrating our existing processes with new margin calculation functionality and partnering with AcadiaSoft, our clients can focus on exception-based processing. The new regulations will bring both an increase in operational complexity and margin call volume. It is critical that market participants can easily access an automated, streamlined tool like triResolve Margin to reduce fragmented and manual processing.”
Click here to see the official release.