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AcadiaSoft Announces Agreement Manager
New Hub Service will provide industry standard for sharing of “golden source” trade and collateral data
Norwell, MA, July 11, 2018 — AcadiaSoft, Inc., the leading industry provider of margin automation
solutions for counterparties engaged in collateral management worldwide, today announced a new
initiative, Agreement Manager, which will create an industry-wide, authoritative data store of legal and
operational collateral agreement information for OTC Derivatives.
A new AcadiaSoft Hub service, Agreement Manager, will match, store and exchange new and existing
ISDA Variation Margin (VM) and Initial Margin (IM) details as well as the Account Control Agreements
between trading parties and custodians. Agreement Manager will also standardize the legal agreement
data shared between parties, in order to reduce integration points and ensure inter-operability of
trading partners, custodians, document management providers and on-line negotiating vendors.
“The VM big bang go-live last March exposed two key industry weaknesses,” said Richard Barton,
product manager for AcadiaSoft Agreement Manager. “One, it took too long to negotiate new legal
agreements between firms, and two, once the agreements were finalized, it took too long to implement
them operationally. By storing data in the Hub and sharing it in a standardized manner, AcadiaSoft will
support client optionality, vendor choice and market-wide adoption of automated solutions.”
AcadiaSoft already maintains over 50% of all industry-wide active VM Credit Support Agreements (CSAs)
and nearly 100% of all industry IM CSAs on its MarginSphere platform. Creating a golden source copy of
the agreement data and facilitating the transfer of the data via a standard model has the potential to
create a frictionless on-boarding process and improve the quality of information available for collateral
optimization, risk and collateral management, as well as trade valuation and novation services.
A pilot of AcadiaSoft Agreement Manager will begin later this month. Participants will include buy-side
firms, custodians and a number of global derivatives banks including J.P. Morgan and Goldman Sachs,
“Standards and interoperability are critical for the industry to adopt and maximize benefit from all
service providers,” said Natalie Clareburt, Executive Director in the Strategic Market Infrastructure
Group at J.P. Morgan. “It is great to see so much industry focus and innovation in contract digitization
and negotiation and we are excited to participate in the pilot.”
Agreement Manager continues AcadiaSoft’s Hub approach to providing interoperable automated
solutions for the industry while enabling flexibility and choice. Going forward, Agreement Manager will
also support Repos, Master Securities Forward Transaction Agreements (MSFTA), Securities Lending,
Clearing and other agreement types.
About AcadiaSoft, Inc.
AcadiaSoft, Inc. is the leading industry provider of risk and collateral management services for
the non-cleared derivatives community. The AcadiaSoft Hub encompasses a suite of
applications and analytics that enable and measure the complete STP workflow from CSA
agreement management, risk services, margin and collateral management through to
settlement. Backed by 17 major industry participants and market infrastructures, AcadiaSoft is
used by a community of more than 650 firms exchanging approximately $400B of collateral on
daily basis via its margin automation services. AcadiaSoft is headquartered in Norwell, MA and
has offices in London, New York and Tokyo.
For more information visit acadiasoft.com.
+44 20 3954 0196