23 Apr 2015 12:30
23 April 2015
Lombard Risk Management plc
("Lombard Risk" or the "Company")
Record number of COLLINE Contract Wins
Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, is pleased to announce that COLLINE-the company's award-winning collateral management, clearing, inventory management and optimisation solution-has recorded a significant number of sales and 'go-lives' in the past few months.
4 major U.S. and Canadian firms have selected COLLINE for collateral management:
· One of the largest banks in the United States by market value has selected COLLINE to support its collateral management needs. This Tier 1, multi-national banking and financial services holding company, conducted a rigorous market search to identify an automated end-to-end solution for its collateral management operations. The COLLINE solution is a replacement to its legacy system which was unable to keep up with the recently imposed and pending regulations.
· An independently operated investment management subsidiary of a major Tier 1 multi-national banking and financial services holding company, focused exclusively on providing fixed income and stable value management services to institutional investors, has selected Lombard Risk's COLLINE cross-product collateral management system-most specifically to address its compliance needs with the upcoming FINRA final rule (FINRA Rule 4210) on TBA (To-Be-Announced) transaction mandatory margining for MBS (Mortgage-Backed Security) trades.
· A major national financial services organisation and leading provider of retirement services in the academic, research, medical and cultural fields, has selected Lombard Risk's COLLINE cloud solution to support the management of its cross-asset portfolio from multiple US locations.
· One of Canada's largest banks as measured by assets, and one of the largest banks in the United States' leading diversified financial services companies, has selected COLLINE to replace its current legacy collateral management system. This decision resulted from a careful review of its global collateral programmes and active search for a comprehensive solution to maximise the efficiency and reduce the cost of its collateral and inventory management processes, whilst supporting regulatory changes and new industry standards.
2 COLLINE clients recently went live in Europe, simultaneously:
· Both a European Tier 1 bank with a worldwide licence for nearly the full COLLINE suite and a major Luxembourg-based bank also licensed for Lombard Risk's collateral management solution, successfully went live over the same weekend-illustrating the strength and depth of the Lombard Risk professional services team.
2 new COLLINE clients in Asia Pacific:
· A Japanese multi-national banking and financial services company bought COLLINE to manage its collateral from Tokyo, New York and London.
· A Japanese cooperative bank serving over 5,500 (agriculture, forestry and fishery) cooperatives from its headquarters in Tokyo selected COLLINE.
John Wisbey, CEO of Lombard Risk, commented: "We are delighted to have been able to add several more prestigious clients to our very high quality client list for COLLINE in addition to successfully implementing the solution simultaneously at two well-regarded European client sites, on time and within budget."
Lombard Risk's COLLINE enables firms to move away from managing collateral in business silos by supporting multiple business lines on a single platform therefore enabling firms to manage collateral inventory better, enable optimisation and proactively address both liquidity and capital charge constraints.
For further information, please contact:
Lombard Risk Management Tel: 020 7593 6700
John Wisbey, CEO
Nigel Gurney, CFO
Charles Stanley Securities Tel: 020 7149 6000
Nominated Advisor and Broker
Russell Cook / Carl Holmes
Newgate Tel: 020 7653 9850
Robyn McConnachie / Tim Thompson
About Lombard Risk - www.lombardrisk.com(LSE: LRM)
Lombard Risk is a leading provider of integrated collateral management and liquidity, regulatory, transaction and MIS reporting solutions - enabling firms in the financial services industry to significantly improve their approach to managing the risk in their businesses.
Founded in 1989 and headquartered in London, Lombard Risk has offices in New York and New Jersey in the US; Hong Kong, Shanghai, Singapore and Tokyo in Asia Pacific, and service centres in Atlanta, Cape Town, Luxembourg and Miami. Our clients include banking businesses - over 30 of the world's "Top 50" financial institutions - as well as investment firms, asset managers, hedge funds, fund administrators, insurance firms and large corporations worldwide.
The Lombard Risk solution suite is developed and supported by an extensive team of risk, regulatory and financial experts and includes:
COLLINE®- collateral management, clearing and inventory managementand optimization. Designed by experienced business practitioners for end-to-end, cross-product (OTC, cleared and exchange-traded derivatives, repo, securities lending, MSFTAs forward settling mortgage transactions and ETFs) collateral management. COLLINE provides a consolidated solution for mitigating exposure risk while satisfying the growing demand for multiple/global entities for cross-product margining, clearing, inventory management and optimization on a single platform, master netting, MIS reporting, dispute management and electronic messaging.
ComplianceASSESSORTM- addressing regulatory risk(the risk of non-compliance and the penalties and reputational risk that follow). A powerful web-based compliance and audit application accommodating an unlimited library of multi-jurisdictional prudential and non-prudential regulations mapped to internal policies & procedures. Assessments, action plans, reviews and independent approval together with dashboards, heat maps, alerts and reports ensure that appropriate action is taken to determine, achieve and maintain compliance.
LISA®- scenario analysis and stress testing. Satisfies the latest liquidity risk management requirements and supports growing regulatory demands for timely and reliable information.
REPORTER MIS- business information and management 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.
REFORM™ - pre- and post-trade solutions and transactional reporting for derivatives reform initiatives such as Dodd-Frankand EMIR. Other elements of the REFORM engine provide connectivity and message transformation for example enabling COLLINE to connect to exchanges and messaging systems.
REPORTER- global regulatory reporting. Fully scalable regulatory compliance solution for branch or head office, with global coverage. Fully supports key supervisory computations and integrates with LISA for stress testing and REPORTER MIS for ad-hoc and management reporting. Straightforward and streamlined integration to multiple source systems; built in reconciliation and trends and variance reports.
REG-Reporter®- US and Canadian regulatory reporting. A regulatory solution addressing financial reporting requirements by automating compliance with the mandated reports to all US regulatory agencies and the Office for the Superintendent of Financial Institutions (OSFI), Canada.
The Lombard Risk software solution suite also includes OBERON®trade capture and valuation and FIRMAMENT®credit and equity valuation.