This surpasses the latest regulatory IM collected figure of $84 billion as of December 31, 2018, as published in the 2018 ISDA Annual Survey. “We estimate that our latest volume figures represent more than 60% of total active OTC bi-lateral VM CSAs and more than 99% of total IM CSA agreements industry-wide,” said Chris Walsh, AcadiaSoft CEO, in a statement.Īs of March 31, 2019, regulatory IM exposure calculated from a collect perspective and reconciled on AcadiaSoft’s Initial Margin Exposure Manager service exceeded $131 billion for the 43 counterparty groups included in IM Phases 1, 2 and 3. On average, AcadiaSoft MarginSphere clients electronically exchange OTC bilateral margin calls and agree collateral movements on more than 190,000 active Variation Margin (VM) CSA agreements each day, as well as more than 2,000 active regulatory Initial Margin (IM) CSA agreements. The announcements come as AcadiaSoft is participating in the 34th ISDA Annual Group Meeting in Hong Kong this week. AcadiaSoft, an industry provider of margin automation solutions for counterparties engaged in collateral management worldwide, announced a number of industry milestones that have been achieved via its services through Q1 2019 and a new Risk Services Suite that will support buy-side firms coming into scope for Phase 5 of the uncleared margin rules in September 2020.
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