Settlement Manager leverages industrial-grade market infrastructure through the integration of Acadia and LSEG to provide operationally resilient settlement capabilities
Over 3,000 firms using Margin Manager to manage margin calls can now complete the process by leveraging Settlement Manager to automatically settle all agreed transfers
The service, used for both segregated (Tri-Party and Third-Party) as well as bilateral settlements, centralizes the storage of Standard Settlement Instructions for the network and shares confirmed settlement status simultaneously to each party of the requirement
Settlement Manager is modern fintech built to automate age-old settlement processes using a real-time modular infrastructure that will easily expand to handle an evolving settlement landscape (whether new settlement rails or improvements to netting)
Removes settlement redundancies by agreeing and settling in one workflow
Covers all margin use cases (VM, IM {includingUMR}, Segregated, Unsegregated, ’40’s Act)
Central storage of SSIs to limit the need to obtain, store and maintain your brokers’ SSIs
Enhances operational resilience by leveraging critical market infrastructure
Event based infrastructure without batching that produces near real-time confirmation of settlement status from custodians and banks
End-of day position reporting in a standardized format for assets held in all forms of segregation
Settlement Manager combines modern fintech with the LSEG SWIFT gateway to provide near-real time settlement messaging without sacrificing operational resilience.
For the first time within the Acadia platform, Settlement Manager establishes the ability for counterparties to leverage the power of shared Standing Settlement Instructions (SSI’s) and shared real-time settlement status, thereby enabling a workflow with the potential to eliminate operational complexity and increase automation across the industry.
Will Thomey and Richard Barton from Acadia discuss the merits of improving efficiency and fully automating the settlement of collateral. The launch of Settlement Manager has spurred the ability for firms to access a unique, controlled, and robust settlement process that immediately settles collateral once a transfer has been agreed. Will and Richard also explore how the industry could pivot towards improved settlement netting and tokenization – further removing friction and cost.
"We have been working with Acadia to help shape a fresh approach to margin settlement. We are constantly working to improve efficiency, reduce collateral transfer times, and improve settlement transparency. Accomplishing it all within Acadia’s existing workflows is a strategic win."
- Vice President at Franklin Templeton
