Lombard Risk to Announce US and Canadian Client Successes

Risk Management
06.11.2015 12:00 am

Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, is pleased to announce that COLLINE, the Company's award-winning collateral management, clearing, inventory management and optimisation solution, has recorded several significant sales in the past quarter as well as two go-live successes.

A major bank in Canada and a long-established North American buy-side Investment Firm have recently selected COLLINE as their future-ready collateral management solution:

One of Canada's largest banks has selected COLLINE to support its complex collateral management needs. Its decision was made following a rigorous market search to identify an automated end-to-end solution that could eliminate over 200 manual processes required with its current application. The selection of COLLINE was based on its regulatory preparedness for IOSCO requirements, real-time consolidated view of exposure and cross asset inventory management capabilities. COLLINE will enable it to maximise the efficiency and reduce the cost of collateral and inventory management processes and reduce operational risk by leveraging COLLINE's full front-to-back STP and exception based processing capabilities.
One of the oldest and most distinguished buy-side Investment Management Firms in the US has selected COLLINE to facilitate its bilateral OTC and FCM business lines workflow. Like many buy-side clients, it was seeking to be proactive in adopting industry best practices for collateral management and wanted to leverage the existing capabilities of COLLINE to accelerate its progress.

Two additional clients successfully go-live on COLLINE in North America:

An independently operated investment management subsidiary of a major Tier 1 multi-national banking and financial services holding company successfully went live on Lombard Risk's COLLINE cross-product collateral management system, on-time and on-budget. The solution was procured in order to meet the firm's compliance needs on TBA (To-Be-Announced) transaction mandatory margining for MBS (Mortgage-Backed Security) trades.
A major national financial services organisation and leading provider of retirement services in the academic, research, medical and cultural fields successfully went live on Lombard Risk's COLLINE Cloud solution to support the management of its cross-asset portfolio from multiple US locations. COLLINE cloud computing services represents a strong offering to the market with a faster deployment and a substantially lower cost of setup and ongoing maintenance-affording stakeholders the ability to realise business benefits sooner.

John Groetch, Managing Director - Americas, Lombard Riskcommented: "Lombard Risk's vision is to provide our clients with the agility they need to respond to abrupt market and regulatory change and in so doing, deliver competitive advantage for them. Our suite of applications continues to provide market-leadership, and these wins - replacing established and blue-chip competitors - demonstrate that this vision resonates strongly with even the very largest of financial institutions. We are delighted to continue increasing our market share and penetration of Tier 1 financial institutions."

COLLINE® - collateral management, clearing, inventory management and optimisation. Designed by experienced business practitioners for consolidated end-to-end, cross-product collateral management, clearing, inventory aggregation and optimisation.