COLLINE® : consolidated platform for OTC Derivatives, Repo and Securities Lending collateral management
Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management, liquidity and regulatory reporting solutions for the financial services industry, announces a major global contract with another tier one bank – Société Générale – for its COLLINE® collateral management solution. This major contract is expected to generate revenues of more than £2m 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. 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 and electronic messaging.
Société Générale Corporate & Investment Banking will use Lombard Risk’s COLLINE® system to handle its global collateral management operations in six countries across Europe, the Americas and Asia. The bank has licensed the full suite of collateral management modules to create a solution that covers all the financial product sectors (i.e. OTC derivatives, Repo and Securities Lending) and has full Clearing and MIS Reporting functionality.
John Wisbey, ceo of Lombard Risk, commented: “We are delighted to have Société Générale as another tier one client for COLLINE® and our first tier one client for our new advanced MIS Reporting module. Two of the most active trading banks in Europe have now chosen COLLINE® to manage their collateral worldwide”.
