SmartStream Partners with Acadia for Automating Collateral Interest Payments

SmartStream Technologies, a transaction management systems and solutions provider, announced that it has formed a partnership with Acadia to increase efficiencies for the processing and calculation of interest statements for TLM(Transaction Lifecycle Management) Collateral Management customers and their associated counterparties.

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Acadia is a leading industry provider of integrated risk management and margin automation services for the derivatives community. SmartStream’s TLM Collateral Management solution will work alongside Acadia’s Interest Statements workflow, available via its industry-standard Margin Manager platform.

In addition, Acadia’s matching engine will pair statements, highlight discrepancies, and produce final interest statements for clients and their relevant counterparties.

The partnership will provide SmartStream’s clients with new technologies and improvements to their service. SmartStream’s TLM Collateral Management coupled with Acadia’s Margin Manager provides integration with a powerful collateral solution and a user-friendly dashboard, allowing for quick exception management, including a complete audit trail with final statements

Richard Barton, Head of Product Management, Acadia, commented: “We are delighted to be working alongside SmartStream, who have successfully served clients in the collateral management space for years, and we are confident this will further enhance its service in many areas including: margin and risk mitigation – which will efficiently meet all sell-side, buy-side and fund administrator requirements”.