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Contract win with Société Générale

12th Jul 2011 07:00

RNS Number : 1905K
Lombard Risk Management PLC
12 July 2011
 



 

Société Générale selects Lombard Risk's COLLINE®for global collateral management

·; COLLINE® : consolidated platform for OTC Derivatives,Repo and Securities Lending collateral management

 

LONDON, UK - 12th July, 2011: 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 practioners 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 6 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".

 

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About Lombard Risk - www.lombardrisk.com (London Stock Exchange: LRM)

Lombard Risk enables firms in the financial industry significantly to improve their approach to managing the risk in their businesses. Founded in 1989 and headquartered in London, Lombard Risk has offices in New York, Shanghai, Hong Kong, Luxembourg and Singapore. Our clients include banking businesses - over 20 of the world's "Top 50" financial institutions - almost half of the banks operating in the UK, as well as investment firms, asset managers, hedge funds, fund administrators and large corporations worldwide.

The Lombard Risk solution suite is developed and supported by an extensive team of risk and financial experts and includes:

COLLINE® - collateral management. A state-of-the-art, web-based solution designed by experienced business practioners for end-to-end, cross-product collateral management. It provides a consolidated solution for mitigating credit risk while satisfying the growing demand for multiple global entities, cross-product margining, Central Counterparty Clearing (CCP), MIS reporting and electronic messaging.

REPORTER® - regulatory reporting. A fully scalable solution for regulatory compliance at branch and/or head office level and with global coverage. Fully supports key supervisory computations (including capital adequacy (Basel II and III) and large exposures) and integrates with LISA for stress testing and scenario analysis - now part of the regulatory scene. Powerful and streamlined integration to multiple source systems enabled by the SuperConsolidator ETL functionality.

MIS REPORTING - a flexible and easy-to-use module for reporting across the Lombard Risk product range AND with external sources. Provides valuable Business Intelligence by combining risk and regulatory information in reports or on-screen dashboards, enabling well-informed business decisions to be made with confidence.

LISA® - scenario analysis and stress testing. LISA® satisfies the latest liquidity risk management requirements and supports growing regulatory demands for timely and reliable information.

The Lombard Risk software solution suite also includes OBERON® trade capture and valuation, Firmament® credit and equity valuation and Detector® AML and customer due diligence.

 

Contacts:

Lombard Risk Management plc
Tel: 020 7593 6700 / www.lombardrisk.com
Philip Crawford, Chairman
 
John Wisbey, CEO
Paul Tuson, CFO
 
Allenby Capital Limited
Tel: 020 3328 5656
Brian Stockbridge / Alex Price
 
 
 
 Threadneedle Communications
Graham Herring/Terry Garrett
Tel: 020 7653 9850

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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