Lombard Risk and Genpact enjoy an application partner relationship
Genpact and Lombard Risk have partnered to provide an advanced approach to optimizing collateral and delivering operational excellence, significantly improving margin and collateral management efficiencies with an industry leading managed service solution. The COLLINE CARDS (Collateral Agreement and Reference Data Service) allows both buy- and sell-side firms to have Lombard Risk (powered by Genpact) digitize, capture and verify the terms and conditions of various collateral agreements across asset classes, counterparties, and business silos, resulting in a digitized margin and collateral rulebook by counterparty.
The service takes collateral agreements out of paper form into a “golden source” digital format, against which instant queries can be run in the event of credit or corporate events—dramatically reducing counterparty risk, response times and workload.
Additionally, the two companies have launched Collateral Management as a Service (CMaaS), a joint Business Processing Outsourcing (BPO) service that streamlines complex collateral management processes such as optimization, agreement setup and management, positions and inventory integration and verification, margin call processing from issuance to settlement, dispute resolution, failed settlement and customized reporting.
Genpact’s industry-recognized operational processing expertise, together with COLLINE, the world’s leading collateral management platform from Lombard Risk, creates a guaranteed cost-effective solution with quicker, advanced collateral operations to help financial services firms address major industry and regulatory pain points.