Acadia Launches IM Recalibration Analytics solution, enabling firms to assess new ISDA SIMM™ versions
Newly announced solution equips firms with the tools to quickly and easily compare ISDA SIMM™ versions and understand the impact of changes on initial margin exposure
Norwell, MA, June 22, 2023--- Acadia, a leading industry provider of integrated risk management services for the derivatives community, announced today the launch of IM Recalibration Analytics (IMRA), a comprehensive, easy-to-use, and unique tool that enables firms to assess the impact of new ISDA SIMM™ versions on their initial margin calculations.
An accessible web-based tool, IMRA enables users to assess new ISDA SIMM™ versions immediately and automates a range of tasks that are currently executed manually, such as viewing counterparty and netting set level exposure changes and daily trend analysis to track potential changes in IM differences. The analytics tool also provides firms with greater visibility when comparing a variety of data points, such as aggregate exposure and counterparty- and agreement-level exposure.
Off-cycle recalibration was recently introduced to ensure that major market shocks that drive a significant change in risk can be factored into the ISDA SIMM™ model on a quarterly basis in addition to an annual basis. The introduction of potential quarterly off-cycle recalibrations makes having the capability to efficiently and accurately predict the impact of initial margin exposure calculation changes more important than ever.
Stuart Smith, Co-Head of Business Development at Acadia commented:
“With the introduction of off-cycle recalibrations, firms need to remain agile and be able to quickly and efficiently assess new ISDA SIMMTM versions. We understand how crucial it is for firms to have the tools to hand that ensure they are best equipped to understand the impact of initial margin exposure. IMRA not only gives firms the tools to do so, it also provides them with a high level of visibility and accessibility. As a result, this enables firms to streamline processes, optimize resources, and forecast the impact of initial margin exposure with greater certainty, having a significant positive impact on a firm’s day-to-day processes.”
IMRA leverages existing services provided by Acadia for firms in-scope for Uncleared Margin Rules. By incorporating existing data from IM Exposure Manager and IM Threshold Monitor, IMRA gives users the added benefit of a complete, consistent view of their initial margin requirements without the need to upload new data.
Acadia recently hosted a webinar that provided an in-depth explanation surrounding the changes that ISDA SIMMTM has adopted. A recording can be found here.
ABOUT ACADIA
Acadia is a leading industry provider of integrated risk management services for the derivatives community. Our risk, margin and collateral tools enable a holistic risk management strategy on a real-time basis within a centralized industry standard platform.
Acadia’s comprehensive suite of analytics solutions and services helps firms manage risk better, smarter, and faster, while optimizing resources across the entire trade life cycle. Through an open-access model, Acadia brings together a network of banks and other derivatives participants, along with several market infrastructures and innovative vendors.
Acadia is used by a community of over 3,000 firms exchanging more than $1 trillion of collateral on daily basis via its margin automation services. Acadia is headquartered in Norwell, MA and has offices in Boston, Dublin, Dusseldorf, London, New York, Manila, and Tokyo. Acadia® is a registered trademark of AcadiaSoft, Inc.
Acadia is an LSEG Business within the Post Trade division. For more information, visit acadia.inc. Follow us on Twitter and LinkedIn
Media Contacts:
Laura Craft
Head of Marketing & Corporate Communications, Acadia
laura.craft@acadia.inc
+44 (0)1727 324 5513
or
Rakin Sayed
Lansons (London)
rakins@lansons.com
+44 207 294 3638
Ed Shelley
Lansons (London)
eds@lansons.com
+44 7825 427 522
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