Northern Trust Collateral Optimization Capability Helps Investors Meet UMR Obligations
28 Settembre 2021 - 3:45PM
Business Wire
Integration with Acadia Drives Efficiency for
OTC Derivatives
Northern Trust (Nasdaq: NTRS) has launched an automated solution
for initial margin calculation to help asset manager and asset
owner clients comply with global regulations governing trading of
over-the-counter (OTC) derivatives.
The solution, made available to clients in advance of a key
deadline for implementation of Uncleared Margin Rules (UMR), was
developed as part of Northern Trust’s integration of Acadia’s
margin management solutions and fully complements Northern Trust’s
full suite of collateral and OTC processing capabilities.
“Our integrated global architecture and investments in core
technology allowed us to build a unified solution for all
collateral clients and is a great example of our technology vision
at work,” said Pete Cherecwich, President of Corporate &
Institutional Services at Northern Trust. “By investing the time
and technology up front, we can deliver solutions that offer
agility, automation, and long-term value.”
Through its partnership with margin and risk management expert
Acadia, Northern Trust offers market-approved, automated support
for an independent calculation of initial margin to help investors
in OTC derivatives meet complex UMR requirements. Leveraging
algorithmic technology to identify the best assets available to
meet regulatory eligibility requirements, the solution identifies
optimal assets to be deployed to meet margin obligations – helping
our clients maximize investment performance.
“A key differentiating feature of this initiative is that our
investment in technology architecture allowed us to identify,
integrate, test and launch the solution in full ahead of the
regulatory deadline,” said Nadia Ivanova, Head of C&IS Business
Services and North America Asset Servicing Chief Operating Officer
at Northern Trust. “By pairing this solution with our other
derivatives enhancements, we’ve been able to automate previously
manual processes for faster processing and greater accuracy.”
These advanced capabilities are part of Northern Trust’s
comprehensive range of collateral, derivatives and liquidity
management solutions. Clients can access these services globally,
either on a component basis – to complement their current in-house
practices – or as part of a broader suite of collateral management
solutions.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has a global presence
with offices in 22 U.S. states and Washington, D.C., and across 23
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of June 30, 2021, Northern Trust had assets under
custody/administration of US$15.7 trillion, and assets under
management of US$1.5 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Please
visit our website or follow us on Twitter.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Please read our global and regulatory
information.
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version on businesswire.com: https://www.businesswire.com/news/home/20210928005357/en/
Media Contacts Europe, Middle East,
Africa & Asia-Pacific: Camilla Greene +44 (0) 20 7982 2176
Camilla_Greene@ntrs.com Marcel Klebba + 44 (0) 20 7982 1994
Marcel_Klebba@ntrs.com
US & Canada: John O’Connell +1 312 444 2388
John_O’Connell@ntrs.com
http://www.northerntrust.com
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