19th Sep 2016 07:20
LONDON (Alliance News) - Lombard Risk Management PLC on Monday said it has partnered with Razor Risk Technologies Pty Ltd to provide calculation and margin analytics services.
The work between the two will focus on integration Lombard's cross-asset collateral management software, Colline, with Razor Risk's margin calculation technology. No financial details on the partnership were disclosed.
"We believe the partnership between Lombard Risk and Razor Risk provides an industry leading solution that gives greater accuracy and certainty in managing collateral margins and calculating solvency ratios," said Helen Nicol, global product director in Lombard's Collateral Solutions arm.
Shares in Lombard were untraded on Monday morning, having last traded at 8.17 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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