DTCC-Euroclear Global Collateral Ltd (GlobalCollateral), a joint venture of Euroclear and The Depository Trust & Clearing Corporation (DTCC), and Lombard Risk, the leading dedicated global provider of collateral management and regulatory reporting solutions, today announced a strategic alliance to drive further improvements in collateral management operations. Lombard Risk has also joined the GlobalCollateral Partner Program. The first initiative under this alliance will link GlobalCollateral’s Margin Transit Utility (MTU) with Lombard Risk’s COLLINE solution, providing a streamlined and centralized collateral management process across all asset classes.
Under the alliance’s first initiative, Lombard Risk COLLINE users will be able to access MTU message statuses directly from their user interface, enabling a straight-through collateral management process across all asset classes – from entering trades and positions, to managing the issue and receipt of margin calls, to matching collateral transactions in COLLINE and seamlessly submitting them for settlement in MTU. The integrated offering will bring new levels of efficiency to the daily workflow across multiple systems, reducing manual procedures, promoting data accuracy and increasing visibility into the collateral management lifecycle.
In addition, GlobalCollateral and Lombard Risk will work closely in the exploration of innovative ways to transform industry workflows in the collateral space, including the expansion of services across market segments and instrument types plus the identification of opportunities to collaborate with further partners.
“We are pleased to be working with Lombard Risk on this strategic alliance to enable true front-to-back collateral management processing across buy- and sell-side firms of all sizes in order to expand upon the value that each firm provides to its clients,” stated Mark Jennis, Executive Chairman at GlobalCollateral. “We look forward to delivering our first project under this alliance – the linking of MTU and Lombard Risk COLLINE, which will simplify current collateral management processes, creating an overall more efficient and streamlined process.”
“The alliance with GlobalCollateral better positions Lombard Risk to achieve its goal of further expanding COLLINE’s market reach globally, to both buy and sell-side firms,” stated Alastair Brown, Chief Executive Officer at Lombard Risk. “The combination of solutions coupled with Lombard Risk’s deep industry expertise and proven track record will enable us to jointly provide new and comprehensive services that improve operational efficiency, and deliver real value to industry participants and customers.”