Lombard Risk Systems PLC today announced new product enhancements to Colline®, the industry’s leading automated collateral management solution. Colline® provides a proactive approach to mitigate credit risk and optimize the use of collateralized assets to solve some of the industry’s biggest credit and collateral management challenges. Key new product features include firm-wide asset management, concentration limit allocation, and proactive reconciliation to more accurately identify eligible collateral, better manage the allowable assets for more optimal use, and reduce the potential for collateral disputes. In addition, the new self-service module provides further advantages because customers, branches, or subsidiaries can access collateral statements, trade files, and legal agreements directly to manage their exposure levels on a more proactive basis.
"This recent release of Colline® has innovative features including client self-service, which enables us to provide more immediate service to our clients and streamline the communication of critical collateral-related information" said Scott Linden, product manager, from The Bank of New York Mellon." "Armed with direct access to the margin process that we manage, our clients can stay on top of their collateralized derivatives-related exposure to control collateral calls and approve settlements, especially when markets shift."
"Having recently made the decision to select Colline® for our collateral operation, we were pleased with how easy Colline® was to implement and impressed with how knowledgeable the client services team from Lombard Risk is", said Paul Winter, global head of derivative operations, from Fortis Investments. "We have been able to improve turnaround times for items such as settlements and margin calls and we are able to respond more efficiently to our counterparties’ trading demands."
Commenting on the new release, Matt Waller, senior manager cash and collateral management, LaCrosse Global Fund Services, stated, "We continue to be impressed with the partnership between LaCrosse and Lombard Risk. They have always been right there when we’ve needed them. This latest release of Colline® underscores Lombard Risk’s steadfast commitment to continuous advancements and is one of the many reasons that our strategic partnership continues to be so successful."
