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November 9, 2021

AANA Calculation Services

AANA Calculation services come in many flavours, check our your choices here

AANA Calculation Services have expanded with an announcement by MarginTonic and CloudMargin which brings another option for firms to calculate their AANA and manage their way around UMR Phase 6. With UMR phase 6 coming in September 2022 firms have a chance to reduce their aggregate notional to avoid mandatory margining.

For firms wishing to shop around, here's all the AANA calculation services we know of. If you know of others, send them in.

  • CloudMargin and MarginTonic (https://go.cloudmargin.com/aana-service)
  • Cassini Systems (https://cassinisystems.com/products/aana-and-simm-optimization-and-reporting-tools/#aana)
  • AcadiaSoft (https://www.acadia.inc/umr-compass/calculating-aana)
  • InitialMargin.Online (in 20 minutes!) (https://info.initialmargin.online/aana.html)
  • Excel spreadsheet (https://www.microsoft.com/en-us/microsoft-365/excel)

Any firm not yet within UMR should actively manage their AANA to stay under the forthcoming threshold – our advice is to pick one method and do it now – time is of the essence.


Photo by Morgan Housel on Unsplash


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