AcadiaSoft Announces Agreement Manager

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

“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

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, among

“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

AcadiaSoft, Inc. is a financial industry collaborative that is uniquely
focused on delivering margin automation and standards for counterparties
engaged in collateral management. AcadiaSoft allows market participants
to communicate vital information on exposures, commitments and
adjustments between counterparties in a complete, verifiable and secure

Owned and backed by the investment of 17 major industry participants and
infrastructures, the AcadiaSoft community has grown to more than 650
client firms exchanging approximately $400B of collateral on daily
basis. The Company’s growth has been driven by regulatory change in the
derivatives industry that is increasing the demand for automated,
transparent and verifiable collateral management.

AcadiaSoft’s Advisory Groups, Best Practice Forums and Working Groups
provide a unique framework for integrating the thought leadership and
capabilities of over 700 market participants, market infrastructures and
key service providers across the industry.

AcadiaSoft is headquartered outside of Boston in Norwell, MA and has
offices in London, Tokyo and New York.

Further information on AcadiaSoft is available at

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