31^st January 2007

Northern Trust launches new collateral management service with COLLINE®

Extracts from the Northern Trust press release:

LONDON, United Kingdom. - 31 January, 2007 — Northern Trust has launched a full suite of automated collateral management services which will help investors manage their credit risk arising from their use of over-the-counter (“OTC”) derivatives.'

'“Developing a robust, automated collateral management solution on a global scale that delivers timely, accurate information has been a high strategic priority for Northern Trust.” stated Stephen Andress, global head of derivatives operations at Northern Trust'

'Northern Trust was the first asset servicer to contract for collateral management outsourcing with Lombard Risk, a provider of risk management, regulatory and valuation software, to provide automated collateral management capabilities through its Colline® application.’

View the full release [PDF]

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