29th Feb 2012 16:10
Lombard Risk Management plc
("Lombard Risk" or the "Company")
Contract win with leading German universal bank
Lombard Risk Management plc (LSE: LRM), a leading global provider of integrated collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, is pleased to announce a new contract win with a leading German universal bank for the purchase of Central Counterparty Clearing (CCP) functionality in Lombard Risk's COLLINE® system for global collateral management, with a term of five years.
John Wisbey, CEO of Lombard Risk, commented: "We are delighted to have won our first contract for COLLINE® with this important German bank. We now have two of the very top German banks using the Clearing/CCP functionality of COLLINE ®."
COLLINE® is a state-of-the-art, web-based solution designed by experienced business practitioners for end-to-end, cross-product collateral management, designed to assist firms in handling the increase in collateralised trades and meeting new regulatory demands. The full COLLINE® solution 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, dispute management, optimisation and electronic messaging.
Contacts
Lombard Risk Management plc www.lombardrisk.com | Tel: 020 7593 6700 |
Philip Crawford, Chairman | |
John Wisbey, CEO | |
Paul Tuson, CFO | |
Allenby Capital Limited | Tel: 020 3328 5656 |
Jeremy Porter | |
Alex Price | |
Newgate Threadneedle | Tel: 020 7653 9850 |
Graham Herring | |
Terry Garrett |
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