SOURCE: Advent Software, Inc.

Advent Software, Inc.

September 10, 2012 09:10 ET

Advent Launches Collateral Management Toolkit to Help Address Central Counterparties (CCP) Regulatory Requirements

Integrated Solution Automates Management of CCP, Bilateral and Prime Broker Margin Requirements for Buy- and Sell-Side Firms

LAS VEGAS, NV--(Marketwire - Sep 10, 2012) - AdventConnect 2012 - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced the launch of the new Interest Rate Swaps (IRS) package for the Syncova® platform. The IRS package is a set of collateral management tools designed to help buy- and sell-side firms address new U.S. and European regulations related to the over-the-counter (OTC) derivatives market. Together, the tools deliver more automation and control to firms facing the challenges of managing multiple central counterparties (CCPs), and Derivatives Clearing Members (DCMs), and will help them reduce operational risk through improved transparency.

The regulations resulting from the Dodd-Frank Act in the US and the European Market Infrastructure Regulation (EMIR) effective this year fundamentally change the way OTC derivatives transactions are executed. While these regulations are expected to bring greater transparency to the market, they also present a number of operational challenges for fund managers. The new requirements significantly impact many aspects of how hedge funds and asset managers conduct business, including how they finance portfolios, manage collateral, and choose clearing houses and DCMs. 

Advent is working closely with major CCPs as they define and develop their models in response to the regulatory requirements, and has developed the IRS package to help firms respond to and manage these changes. To allow greater control over margin, the solution allows firms to perform what-if calculations that help ensure collateral requirements are managed effectively and that the optimal clearing house is used. The solution also allows firms to independently validate counterparties' margin calculations, for almost any product type based on the calculation methodologies of each clearing house. The Syncova® platform also provides comprehensive drill down into the margin requirements reports and margin statements.

"The new regulations will have a lasting impact on how the buy-side conducts business," said Liam Huxley, Vice President, Business Development, Advent Software. "We see opportunity for our clients to improve operations while addressing regulatory mandates. The new capabilities within Syncova® will help firms be compliant with these regulations and manage their collateral more effectively while putting them in a stronger position to leverage the new transparency and competition among CCPs for the long-term."

About Advent
Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Firms in more than 60 countries count on Advent technology to run their mission-critical operations. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling operational risks and costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit

Advent, the Advent logo and Advent Software are registered marks of, and Syncova is a mark of, Advent Software, Inc. Syncova is a registered mark of Advent Software, Inc. in the European Union. All other company names or marks mentioned herein are those of their respective owners.

Forward-Looking Statements
Any forward-looking statements included in this presentation, such as statements regarding strategies or plans of management for future operations, technology and regulatory developments, and anticipated products, services, enhancements or availability and features thereof, involve assumptions, risks and uncertainties that could cause actual results to differ materially from our expectations. These risks, uncertainties and assumptions include continued sales of existing products and services, the successful development, timing, anticipated features, functionality, benefits and market acceptance of new products, services and enhancements, the impact of initiatives by competitors, continued uncertainties and fluctuations in the financial markets and economic conditions and other risks detailed in Advent's most recent filings with the Securities and Exchange Commission, including, but not limited to, its quarterly reports on Form 10-Q and its 2011 annual report on Form 10-K, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent's Investor Relations Web site at

Any unreleased services or features referenced in this presentation or other public statements are not currently available and may not be delivered on time or at all. Customers who purchase Advent's products or services should make their purchase decisions based upon features that are currently available. The Company disclaims any intention or obligation to publicly update or revise any forward-looking statements including any financial, product or other guidance, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information

  • Media Contact:

    Amanda Diamondstein-Cieplinska
    Advent Software, Inc.
    (415) 645-1668
    Email Contact