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Contract Win

29 Feb 2012 16:10

RNS Number : 4145Y
Lombard Risk Management PLC
29 February 2012
 



 

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

john.wisbey@lombardrisk.com

Paul Tuson, CFO

paul.tuson@lombardrisk.com

Allenby Capital Limited

Tel: 020 3328 5656

Jeremy Porter

Alex Price

Newgate Threadneedle

Tel: 020 7653 9850

Graham Herring

Terry Garrett

 

 

 

 

 

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