Smart Communications and Lombard Risk Partner to Deliver Total Efficiency in Derivatives Documentation and Collateral Management to Capital Market Investment Firms
27th July 2017
SmartDX™ from Smart Communications, the industry standard for automating trade and relationship document generation, collaboration and processing in the capital markets, and Lombard Risk Management (LSE: LRM), the leading dedicated global provider of collateral management and regulatory reporting solutions, today announced a partnership to deliver end-to-end automated legal negotiation and margin call management. The joint offering enables data to be seamlessly extracted from agreements negotiated in the SmartDX™ documentation solution and passed through to Lombard Risk’s COLLINE® automated cross-asset collateral management platform.
By integrating Lombard Risk’s COLLINE® with SmartDX™, the combined offering provides both buy- and sell-side firms with a strategic, cloud-based digital contract negotiation platform that automates margin call management. Bilateral negotiation of digitized collateral agreements in SmartDX™ enables the collateral data points and valuation terms to be extracted from the agreement, facilitating automated processing of margin calculations in the COLLINE platform. Through this integration, firms eliminate manual inefficiencies, increase accuracy and automation, reduce compliance risks, and minimize operational costs.
Helen Nicol, Global Product Director of Collateral Solutions for Lombard Risk, said: “The integration of these two market leading solutions provides clients with a trusted, proven platform to solve the need for reconciliation across disparate solutions. This partnership fills a huge gap in the market by enabling true end-to-end collateralization. The offering helps firms advance their operating models and make operations more intelligent – capturing data, executing transactions and providing visibility faster and more time effectively – thereby enabling firms to gain maximum efficiency and competitive advantage through system automation.”
Robin Moody, Global Head of SmartDX for Smart Communications, said: “While the industry has invested heavily in manual processing of derivatives documentation, these investments only help to reduce compliance risk. With the announcement of today’s solution, Smart Communications and Lombard Risk have built a unified approach to better scale processes, documents and the relevant data within them to deliver true operational efficiency.”