Lombard Risk Management Regulatory News (LRM)

1 Sep 2006 07:00

Lombard Risk Management PLC01 September 2006 For immediate release1st September 2006 Lombard Risk Management plc (the "Group" or "Lombard Risk") Three Contract Wins Lombard Risk Management plc, one of the fastest growing companies in the rapidlyexpanding area of software and independent valuation for the financial sector,announces an update on contracts won in addition to those we announced on 28thJuly 2006. Colline Collateral Management SoftwareThe Group has won two contracts for its collateral management software Colline: 1 A major Austrian banking groupThe first Colline contract, worth in excess of GBP100,000, is with a majorbanking group in Austria. 2 A major UK energy supplierThe other contract provides Colline software as a service (an ASP solution) forthe trading arm of a large UK energy supplier. Furthermore, the Group is also close to finalising a number of other deals forColline. Demand for collateral management software is being driven by a number offactors, but principally the expansion in the use of collateral in derivativemarkets. This is mainly due to the wish to reduce credit risk in financialmarkets and free up credit lines, which in turn is linked to Basel II. Colline'sfirst-to-market web based technology and the Group's team of ex collateralmanagement practitioners are among the reasons why Colline is being selected asa system of choice. STB-Reporter and WinterfloodIn addition, the Group has won a contract worth in excess of GBP100,000 for theSTB-Reporter regulatory reporting product from Winterflood Securities Limited ("Winterflood"), the predominant UK market making firm. STB-Reporter enablesWinterflood to meet its obligations for UK regulatory reporting under the FSA'sBIPRU rules. BIPRU, the Prudential Sourcebook for banks, building societies andinvestment firms, is the set of regulations which implements the EU CapitalRequirements Directive in the UK. The Directive applies to many other investmentfirms. Our contract win with Winterflood follows on from a contract we won withCharles Stanley for the same purpose. Other similar deals are close to beingfinalised which implement both Basel II reporting and the FSA's IntegratedRegulatory Reporting requirements in this area. Our Position in the Financial Services Regulatory Market Lombard Risk, through STB Systems, is the market leader in the U.K. BankRegulatory Reporting market with over 140 out of 350 banks in the U.K. andseveral investment firms using the STB-Reporter product for regulatory reportingto the FSA. Most of the revenue from these deals will be recognised in the second half ofthis financial year. Enquiries: Lombard Risk Management plcJohn Wisbey, Chairman & CEOTel: +44 20 7384 5000e: john.wisbey@lombardrisk.com Noble & Company (Nominated Advisors)Matthew Hall, DirectorTel: +44 20 7763 2200 Notes to editors Lombard Risk Management plc is one of the fastest growing companies focused onsoftware and independent valuation services for the financial industry. LombardRisk's software is in the areas of valuation, risk management and regulation.Lombard Risk's Colline(R) software, which is delivered either as software or asan ASP service, is a market leader in collateral management. Lombard Risk'sgroup company STB Systems is the market leader for bank regulatory reportingsoftware in the UK through the STB-Reporter product. The Group's Oberon(R) andFirmament(R) software products allow customers to value and manage risk on awide variety of financial instruments with a primary focus on interest rate,credit and foreign exchange derivative and cash markets. The STB-Detectorproduct is fast establishing itself as a mid-market leader in anti moneylaundering and financial crime detection. Headquartered in London, with offices in New York, Shanghai, Hong Kong,Singapore and Johannesburg, Lombard Risk's main customer base consists of banks,investment firms, asset managers, hedge funds and fund administrators, andenergy companies. In the UK Lombard Risk does business with over 40% of the 350banks that operate in the UK. Internationally Lombard Risk has dealings withover 20 of the top 50 banks in the world and many of the leading names in thehedge fund industry. Lombard Risk's shares were admitted in 2004 to AIM, the London Stock Exchange'sspecialist market for growth companies, and have the ticker symbol LRM. This information is provided by RNS The company news service from the London Stock Exchange