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Record Year for COLLINE® Milestones

22nd Feb 2017 07:00

RNS Number : 4824X
Lombard Risk Management PLC
22 February 2017
 

22 February 2017

Lombard Risk Management plc

("Lombard Risk")

 

Lombard Risk Announces record year for COLLINE® Milestones

 

Lombard Risk Management plc (LSE: LRM), a leading provider of collateral management and regulatory reporting solutions, announces substantial growth of its North American client base and major new product additions.

 

Over the past year, COLLINE® has been delivered to a record number of clients across both the buy- and sell-side in the US and Canada, with 5 major clients going live in the current quarter. Banks as well as investment management firms have implemented COLLINE® to realize their vision of a single enterprise-wide collateral platform.

 

This growth can be attributed to the visionary roadmap that has underpinned the development of COLLINE into a single, multi-asset class collateral platform. With the launch of the new Exchange Traded Derivative (ETD) module, COLLINE extends its reach to all asset classes and products, covering OTC, ETD, ETFs, Repo and Securities Lending. Providing a single platform is critical to support firms with a single inventory view and cross-asset optimisation.

 

The new ETD release follows swiftly on from the successful delivery in May 2016 of the un-cleared margin regulations for both Dodd Frank and EMIR (IOSCO). The well-timed regulatory functionality saw several clients who were affected by the September 1st 2016 US deadline seamlessly transition to the new framework and provides confidence to those who must meet the European March 1st 2017 start date. Lombard Risk will be delivering further global regulatory updates for other regions such as Hong Kong, Singapore and Australia, in due course.

 

Helen Nicol, Global Product Director, Collateral Solutions from Lombard Risk said: "With the increasing breadth of COLLINE®, new client segments are able to take full advantage of the time-tested resilience of our collateral solution. Giving access to solutions that provide performance enhancing functionalities is vital for client success. We already have a number of new and existing market leaders in the US and Europe signed up for the new modules. Driving the vision of change allows us to stay ahead of demand and gives our clients the greater agility they need to gain advantage in their given markets."

 

Alastair Brown, Lombard Risk's Chief Executive Officer commented: "We are delighted that COLLINE® is making such substantial progress in North America. This is a key market for Lombard Risk and our ongoing success demonstrates a strong demand for our products. We are increasingly seen as the vendor of choice in the collateral solutions market and we look forward to providing updates on further successes in the future."

 

For further information please contact:

 

Lombard Risk Management plc

Alastair Brown, CEO

Nigel Gurney, CFO

 

Tel: 020 7593 6700

finnCap

Stuart Andrews

Carl Holmes

Scott Mathieson

 

WG Partners LLP (Joint Broker)

David Wilson

Claes Spång

Chris Lee

 

Tel: 020 7220 0500

 

 

 

 

Tel: 020 3705 9330

Newgate

Bob Huxford

Charlotte Coulson 

Adam Lloyd

 

Tel: 020 7680 6550

ENDS

 

About Lombard

Lombard Risk is a leading provider of regulatory reporting and collateral management solutions to the financial services industry. Through intelligent automation and optimisation, Lombard Risk's clients are able to improve their approach to risk management, gaining the agility they need to have a competitive advantage. As well as bringing immediate and urgent solutions to clients' needs, Lombard Risk's global team of experts look beyond today's reporting and collateral management to develop technology solutions that help them adapt as industry challenges evolve.

Counting over 30 of the world's 'Top 50' financial institutions among its clients, Lombard Risk has been a trusted partner for 28 years. Founded in 1989 and headquartered in London, it has offices in New York and Asia Pacific (Hong Kong, Shanghai, Singapore and Tokyo), and service centres in Germany, Atlanta, Cape Town and Miami. Find out more at lombardrisk.com 

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