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Four contract wins

30 Mar 2012 08:10

RNS Number : 4354A
Lombard Risk Management PLC
30 March 2012
 



Lombard Risk Management plc ("Lombard Risk" or the "Company")

Four contract wins for COLLINE® collateral management software

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 that it has signed three contracts this month with new clients for its COLLINE® collateral management software. In addition, the Company has signed an extension to its existing COLLINE contract with a German bank to include Central Counterparty Clearing ("CCP") functionality.

The new clients are a leading custodian bank in the United States, Bank für Arbeit und Wirtschaft AG in Austria ("BAWAG") and a leading Swedish financial institution. The contract extension is with Dekabank in Germany. The four deals will bring combined estimated first year revenues of £1.1million. John Wisbey, CEO of Lombard Risk, commented: "We are delighted to have won the additional contracts for COLLINE® with these prestigious firms. The addition of Repo and Securities Lending modules to COLLINE® was a major factor in winning one of these deals and we believe these modules will allow us to generate useful additional revenue in the coming year. We expect to be able to name the U.S. custodian bank once it is live with COLLINE®. We are also delighted to have extended our reach in the German speaking world and in Scandinavia. We now have three of the top Austrian banks and three of the top German banks as clients for COLLINE®."

COLLINE® is a state-of-the-art, web-based solution designed by experienced business practitioners for end-to-end, cross-product (OTC derivatives, Repos and Securities Borrowing and Lending) collateral management - designed to assist firms in handling the increase in collateralised trades and meeting new regulatory demands. 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), optimisation, master netting, MIS reporting, dispute management and electronic messaging.

Contacts

 

 Lombard Risk Management plc Tel: 020 7593 6700

 www.lombardrisk.com

 

 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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MSCWGUMUWUPPUMU
Date   Source Headline
31st Dec 20087:00 amRNSInterim Results
23rd Dec 20083:09 pmRNSDirectorate Change
8th Dec 200811:37 amRNSRe Contract
31st Oct 200810:43 amRNSTrading Update
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17th Oct 20082:23 pmRNSDirector/PDMR Shareholding
13th Oct 200811:45 amRNSChange of registered address
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3rd Oct 20082:17 pmRNSAGM Statement
2nd Oct 20087:00 amRNSDirector/PDMR Shareholding
30th Sep 20087:00 amRNSFinal Results
20th Jun 20087:00 amRNSTrading Statement
13th May 20087:49 amRNSAdditional Listing
20th Mar 20087:01 amRNSNew Contract
18th Feb 20087:01 amRNSDirectorate Change
18th Feb 20087:00 amRNSSale of business unit
30th Nov 200711:01 amRNSResult of AGM
8th Nov 200712:15 pmRNSNotice of AGM
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29th Sep 20062:00 pmRNSNotice of AGM
29th Sep 200610:12 amRNSAGM Statement
26th Sep 20067:04 amRNSDirector/PDMR Shareholding
26th Sep 20067:01 amRNSIssue of Equity
1st Sep 20067:00 amRNSContract Wins
28th Jul 20061:57 pmRNSTrading Update
4th Jul 20065:42 pmRNSDirector/PDMR Shareholding
4th Jul 20067:53 amRNSPreliminary Results
26th Apr 20067:01 amRNSDirector/PDMR Shareholding
26th Apr 20067:01 amRNSGrant of Options
24th Apr 20067:00 amRNSPre-close trading update
8th Feb 200611:20 amRNSDirectorate Change
23rd Dec 20059:50 amRNSInterim Results
22nd Dec 20051:56 pmRNSIssue of Equity
24th Oct 20057:00 amRNSCommercial Update
19th Sep 200512:19 pmRNSDirector/PDMR Shareholding
1st Sep 20057:01 amRNSAcquisition
9th Aug 20054:32 pmRNSPreliminary Results
9th Aug 20054:01 pmRNSSale of Business
15th Apr 20053:21 pmRNSTrading Statement
22nd Feb 20054:10 pmRNSAdditional Listing

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