AcadiaSoft, a risk and collateral management services provider, has partnered with collateral management consultancy firms Margin Reform and Margin Tonic to assist clients with Uncleared Margin Rules (UMR) compliance.
Margin Reform advises clients on derivatives, repo and securities lending for the margin, collateral and legal domains, whereas Margin Tonic helps clients accelerate high-quality change within collateral and post-trade domains.
Combined, the partnership aims to provide clients with a ‘unique one-stop-shop’ for UMR compliance.
It aims to serve the smaller first that will be captured under the final two phases of UMR, due in September 2021 and September 2022, respectively.
Phase five and six will fall on mostly smaller firms who may struggle to manage all the cogs of UMR compliance, explains Shaun Murray, managing director and CEO of Margin Reform.
According to Chris Watts, co-founder and director of margin tonic, the partnership will help clients accelerate their collateral transformation objectives, covering both IT and operational change, via our suite of expertise-led consultancy services.
Murray added: “Working together, we will help firms design and structure an approach to ensure a smooth ride towards UMR compliance.”
Elsewhere, Fred Dassori, head of strategic development at AcadiaSoft, has assured clients that the expertise of the partnership “will make it simple for clients to navigate the IM rules, addressing challenges and finding solutions together”.
