Partnership with Leading Korean Bond Pricing Company Expands AcadiaSoft Presence in Korea
Tokyo, January 19, 2021 - AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced a partnership with Korean bond pricing company KIS Pricing. The agreement is part of AcadiaSoft push to make its products and solutions more accessible to the APAC region as Phase 5 and 6 firms fall into scope for the Uncleared Margin Rules (UMR). The partnership will give KIS Pricing clients access to AcadiaSoft Initial Margin Exposure Manager. The collaboration will also enhance AcadiaSoft presence in the Korean market by expanding its local language resources.
Our partnership with KIS Pricing expands our reach in the Korean market and is an important step as we continue to establish ourselves in the APAC region, said Takashi Nagai, APAC Head of Business Development for AcadiaSoft. Working together with KIS Pricing, we will help local clients manage IM exposure and work towards regulatory compliance as we approach the final implementation phases of the Uncleared Margin Rules.
AcadiaSoft has been present in APAC for five years and its services are used by more than 60 firms in the region. This is AcadiaSoft third partnership with a local vendor in Korea, amongst the 36 local partners AcadiaSoft engage in the APAC region currently.
As the deadline for UMR compliance draws near, we are pleased to be able to offer our clients access to AcadiaSoft industry-leading collateral management tools, said Song Young-jun, Head of KIS Pricing Financial Consulting Group. Our partnership with AcadiaSoft allows our clients to efficiently and effectively manage IM exposure and automate the margin call process, both critical components on the road to UMR compliance.
AcadiaSoft, Inc. is the leading industry provider of risk and collateral management services for the non-cleared derivatives community. AcadiaPlus is a new generation open platform that provides the sell-side, the buy-side and fund administrators with specialist applications and a third-party partner ecosystem for the straight-through processing of the entire collateral, margin and risk mitigation lifecycle. Backed by 16 major industry participants and market infrastructures, AcadiaSoft is used by a community of more than 1300 firms exchanging approximately $700B of collateral on a daily basis via its margin automation services. AcadiaSoft is headquartered in Norwell, MA, and has offices in London, New York and Tokyo. For more information visit acadiasoft.com. Follow us on Twitter and LinkedIn.
About KIS Pricing
As Moody Corporation Korean Affiliate, KIS Pricing provides bond-related index information as well as bond/derivative/alternative investment product valuation services to major financial institutions such as banks, insurance companies, asset management companies, and securities companies.
KIS Pricing successfully evaluates the most product categories within Korea using its best valuation model and optimal method for each individual categories. It also provides system development and consulting services to respond to the ever-changing financial regulations. Recently Moody requests KIS Pricing active cooperation in credit ratings and financial data services as well.
KIS Pricing is ranked as 2nd in the relevant industry when it comes to revenue/ operating profit; the bond valuation business is a license business that requires a valid registration from the Financial Services Commission. KIS Pricing recorded operating margins of 20% or above for 14 consecutive years and is continuing to maintain a sound financial structure as zero borrowing based on stable cash flow.
Please visit our website for more information on our services - eng.bond.co.kr
+44 20 3954 0196