Hazeltree, a provider of integrated treasury management and portfolio finance solutions for investment managers, has launched Hazeltree AANA Estimator, in response to client demand.
By September 2022 an estimated 1,000 buy-side firms are due to meet the threshold for regulatory Uncleared Margin Rules (UMR) phases 5 or 6 compliance.
Average Aggregate Notional Amount (AANA) is the metric that determines whether a firm falls within the scope of the mandate.
Hazeltree’s AANA Estimator will utilise a firm’s internal data, or data from their counterparties, to perform this critical calculation.
It will be available immediately as a dynamic widget within Hazeltree’s collateral management solution.
Hazeltree says it takes a workflow process approach to UMR compliance, and its AANA estimator is an enhancement to its Hazeltree Collateral Manager offering.
Firms that are in scope for UMR must address several critical questions as deadlines near, including. Hazeltree explains it is fully prepared to address the comprehensive concerns of firms as they move to UMR compliance.
Sameer Shalaby, Hazeltree’s CEO, comments: "Our AANA estimator is an essential tool as firms approach the significant costs and operational burdens of UMR compliance.”
“We are working with clients to improve operational efficiencies in managing collateral with the added requirement of UMR compliance. We are encouraging clients to prepare now for UMR compliance and our AANA estimator is a crucial first step to understanding their obligations,” adds Shalaby.
