NEX TriOptima has joined up its services so clients can use one trade file to calculate initial margin (IM) amounts, manage margin calls and resolve disputes with its end-to-end solution that requires just one trade file.
IM rules have been introduced under the regulatory framework of the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO).
The International Swaps and Derivatives Association (ISDA) has warned firms in-scope for September 2019/20 to act now to avoid missing the deadline.
To date, NEX TriOptima has helped phase one and two firms meet the requirements by providing a solution that does not require complicated integration or installation.
Firms can use triCalculate to calculate their inputs for ISDA’s standard initial margin model, while TriResolve Margin can automatically capture IM amounts and achieve an exception-based margin call process.
In addition, AcadiaSoft’s initial margin exposure manager (IMEM)—powered by NEX TriOptima) can identify and resolve disputes.
Nordea Asset Management, said: “NEX TriOptima has helped us cope with the IM requirements in a very efficient and manageable way. The solution provides an easy to use workflow and allows us to operate high levels of straight-through processing with its out-of-the-box integration with both MarginSphere and AcadiaSoft’s IMEM.”
Raf Pritchard, co-CEO of TriOptima and CEO of triResolve, said: “We’ve simplified what can be a laborious process. With one simple trade file, we enable market participants to meet the demands of the new non-cleared margin regulation in a simple and cost-effective manner.”
He added: “Our work with phase one and two firms has given us tremendous experience and insight into the complexities of IM, so we are best placed to help firms that will come in-scope in 2019/20 to overcome the challenges.”
