Isda Amend faces rival in CSA repapering effort

AcadiaSoft to launch new tool in January, but protocol approach attracts wider criticism

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Some banks will need to quickly repaper thousands of credit support annexes to comply with the new variation margin regime

Technology vendor AcadiaSoft is set to launch a tool to help derivatives users through an unprecedented documentation crunch – a move that sees it going head to head with the International Swaps and Derivatives Association and IHS Markit. An estimated 150,000 credit support annexes (CSAs) have to be revised in time for the next phase of the over-the-counter market's margining regime on March 1, but an Isda protocol designed to speed the process up is being criticised by market participa