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ALLIANCE WITH DTCC-EUROCLEAR GLOBAL COLLATERAL

18 Sep 2017 07:00

RNS Number : 9437Q
Lombard Risk Management PLC
18 September 2017
 

18 SEPTEMBER 2017

 

Lombard Risk Management plc

("Lombard Risk" or the "Company")

 

STRATEGIC ALLIANCE WITH DTCC-EUROCLEAR GLOBAL COLLATERAL

Multi-phased alliance commencing with agreement to integrate GlobalCollateral's Margin Transit Utility with the Lombard Risk COLLINE solution, enabling a seamless and transparent collateral management process across all asset classes - from trade entry to settlement

Lombard Risk Management plc (AIM: LRM), the leading dedicated global provider of collateral management and regulatory reporting solutions, announces a strategic alliance with DTCC-Euroclear Global Collateral Ltd. to drive further improvements in collateral management operations. DTCC-Euroclear Global Collateral Ltd. ("GlobalCollateral") is the joint venture between the Depository Trust & Clearing Corporation and Euroclear.

 

Lombard Risk has formed a strategic alliance with GlobalCollateral through joining the GlobalCollateral Partner Programme. The first initiative under this alliance will integrate GlobalCollateral's Margin Transit Utility ("MTU") with Lombard Risk's COLLINE solution to provide a streamlined and centralised collateral management process across all asset classes.

 

Lombard Risk COLLINE users will be able to access MTU message statuses directly from their user interface. This will enable a straight-through collateral management process across all asset classes - from entering trades and positions, managing the issue and receipt of margin calls, to matching collateral transactions in COLLINE and submitting them for settlement in MTU. The integrated offering will bring improved levels of efficiency to the collateral management process by removing the need to enter transactions across multiple systems, lowering manual processes, promoting data accuracy and increasing insights into the collateral management lifecycle.

 

Future phases of the alliance will include the expansion of services across market segments and instrument types as well as the identification of opportunities to collaborate with additional partners to transform industry workflows in the collateral space.

 

Mark Jennis, Executive Chairman at GlobalCollateral: "We are pleased to be working with Lombard Risk on this strategic alliance to enable true front-to-back collateral management processing across buy-side and sell-side firms of all sizes, in order to expand upon the value that each firm provides to its clients. We look forward to delivering our first project under this alliance, the linking of MTU and Lombard Risk COLLINE, which will simplify current collateral management processes, creating a more efficient and streamlined process."

 

Alastair Brown, Chief Executive Officer at Lombard Risk, said: "The alliance with GlobalCollateral better positions Lombard Risk to achieve its goal of further expanding COLLINE's market reach globally, to both buy-side and sell-side firms. The combination of solutions coupled with Lombard Risk's deep industry expertise and proven track record will enable us to provide new and comprehensive services that help improve operational efficiency, and deliver real value to industry participants and customers."

 

 

For further information, please contact:

 

Lombard Risk Management plc Tel: 020 7593 6700

Alastair Brown, CEO

Nigel Gurney, CFO

 

finnCap (Nomad and Joint Broker) Tel: 020 7220 0500

Stuart Andrews

Carl Holmes

Scott Mathieson

 

WG Partners LLP (Joint Broker) Tel: 020 3705 9330

David Wilson

Claes Spång

Chris Lee

 

Newgate Communications Tel: 020 7653 9850

Bob Huxford Email: lombard@newgatecomms.com

Charlotte Coulson

James Ash

 

About Lombard Risk

Lombard Risk is the leading dedicated global provider of collateral management and regulatory reporting 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 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 Europe (Birmingham, Frankfurt), New York and Asia Pacific (Hong Kong, Shanghai and Singapore), and representative offices in Atlanta, Cape Town, Sydney and Tokyo. Find out more at lombardrisk.com or contact us at info@lombardrisk.com.

 

About DTCC-Euroclear GlobalCollateral Ltd

DTCC-Euroclear GlobalCollateral Ltd ("GlobalCollateral") is a joint-venture between DTCC and Euroclear, two of the world's largest post-trade infrastructures. An open architecture infrastructure designed to streamline collateral processing globally, GlobalCollateral provides both OTC derivatives and financing solutions that deliver transparency, collateral mobility, efficiency and security through two powerful utilities:

· The Margin Transit Utility: enabling straight-through processing of margin calls and providing improved liquidity and operational risk management.

· The Collateral Management Utility: automating collateral management tasks, re-positioning inventory seamlessly across settlement locations, making collateral available wherever and whenever it is needed.

For more information, visit: www.globalcollateral.net.

 

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