Lombard Risk Media Centre

Keep up to date with Lombard Risk here: regularly updated with news and Press Releases,  details of coming Events and write ups from Past Events as well as regular commentary from our team of REG-Xperts in their BLOG.  Regulatory-related questions may be sent to our REG-Xperts on REGinfo@lombardrisk.comREGISTER HERE to receive FREE international regulatory information updates.  For more information on any of these items please contact us on info@lombardrisk.com.  Enquiries from journalists to receive press releases and/or comment from our business matter experts on topical issues are welcome at marketing@lombardrisk.com.

September 19, 2011

Contract win with tier 1 German bank

Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces a major extension to its contract with a Tier 1 German bank to add Central Counterparty Clearing (CCP) functionality to the Bank’s existing use of COLLINE for global collateral management. This anticipated contract is expected to generate revenues of around £1 million in the first two years and contribute to future years.

COLLINE is a state-of-the-art, web-based solution designed by experienced business practitioners for end-to-end, cross-product collateral management – required by firms to handle the increase in collateralised trades and meet new regulatory demands. It provides a consolidated solution for mitigating credit risk while meeting the growing demand for multiple/global entities, cross-product margining, Central Counterparty Clearing (CCP), MIS reporting, dispute management, optimisation and electronic messaging.

The bank will add its use of CCP functionality to its worldwide use of Lombard Risk’s COLLINE system.

John Wisbey, CEO of Lombard Risk, commented: “We are delighted to expand our relationship with this valued Tier 1 German bank client for COLLINE. We now have top clients from both the sell side and the buy side using COLLINE with Clearing/CCP functionality as well as our new advanced MIS Reporting module. Two of the most active trading banks in Europe are relying on us not only for managing their collateral worldwide but also for the evolution into Clearing, post Dodd-Frank and other regulatory developments.”

Upload pdf version of this press release bank