Leading Eastern European bank extends contract with Lombard Risk
- Derivatives and OTC Derivatives , Banking , Risk Management
- 13.12.2016 10:00 am
Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management and regulatory reporting solutions for the financial services industry, has extended its partnership with one of the largest financial services providers in Central and Eastern Europe, for a further five years.
The contract extension will see Lombard Risk supply its award-winning collateral management, clearing, inventory management and optimisation solution,COLLINE®, to the bank along with additional functionality that includes a license for Exchange Traded Derivatives and regulatory software upgrades, a new module for stock lending, as well as local language reporting and support.
Lombard Risk has provided COLLINE® to this client over the past five years and its local language capabilities are particularly important to them. By offering an agile and adaptable solution, Lombard Risk has ensured that it can continue to support the banks’ strategic collateral management objectives going forward to 2021.
COLLINE® enables firms to move away from managing collateral in business line silos. The single global collateral platform, COLLINE®, supports efficient collateral management, managing global inventory for all asset types, enabling collateral optimisation, and provides users with the capability to manage liquidity and trading book capital.
Helen Nicol, Global Product Director, COLLINE®, Lombard Risk commented: “We are delighted that our client, a leading bank in Central and Eastern Europe, has chosen to continue with our collateral management solution for the next five years. We always strive to adapt our solutions to our client’s specific needs and delivering new functionality to the bank demonstrates our ability to do this.”