Lombard Risk Management, a leading provider of integrated collateral and regulatory reporting solutions is launching AgileCOLLATERAL, a cloud-based collateral management system which offers the functionality of its market-leading COLLINE solution in a modular, light touch delivery format.

The new AgileCOLLATERAL product is targeted at asset managers, buy-side brokers, pension funds, corporates and investment firms which need the agility to “turn-on” a collateral-in-a-box solution that is hosted in the cloud and eliminates the need for onsite installation and infrastructure costs. It can be up and running in as little as a day.  It is intuitive, reducing the need for training, and modular, adding asset classes as needed, scaling up over time to handle more complexity and volume, and implemented in layers to control costs to match business needs.  AgileCOLLATERAL is designed to be delivered rapidly through either a licence or subscription fee model.

The AgileCOLLATERAL product is being launched now to help buy-side clients meet the stricter uncleared collateral margin requirements being phased in from around March 2017.

Alastair Brown, Lombard Risk’s Chief Executive Officer said: “Buy-side firms face numerous collateral challenges particularly as they have to meet new regulatory requirements expected to be phased in around March, which will see margin requirements and liquidity ratios increase. This means they must look at new ways to meet these challenges while keeping control of headcount, minimising fixed cost increases and reducing the impact on fund performance.

“AgileCOLLATERAL gives a greater level of control over operational processes due to its rapid implementation, flexible pricing models and low cost deployment options. This allows firms to reduce the high cost of collateral management and redirect resources to better serve investors.”

AgileCOLLATERAL provides direct connections to electronic messaging services and its optimisation algorithms allow firms to maximise the use of assets. It also provides security through the elimination of spreadsheets, and mitigates risk associated with manual input and calculations. Automated validation checks reduce the number of manual errors while its intuitive dashboard and advanced UI provides visibility over workflow on all collateral activities.