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Lombard Risk Management PLC
03 August 2017
3 August 2017
Lombard Risk Management plc
("Lombard Risk" or the "Company")
Lombard Risk Partners with Elixium Partners for
Integrated Repo Trading and Collateral Management
Lombard Risk Management plc (AIM: LRM), the leading dedicated
global provider of collateral management and regulatory reporting
solutions, announces it has partnered with Elixium, the secure
all-to-all marketplace, announce their partnership to deliver an
integrated solution for Repo (Repurchase Agreements) trading and
collateral management.
The solution will pair Elixium with the Lombard Risk cross-asset
collateral management solution, COLLINE(R) , to provide market
participants with collateralised liquidity and a complete
end-to-end automated Repo trading and margin call management
system.
Some of the biggest obstacles faced by institutions utilising
Repo is the complexity of managing product silos, multiple IT
systems and a lack of technical integration. This cloud based
solution will solve these by allowing users to benefit from access
to Elixium's all-to-all multi-currency/jurisdiction trading
functionality and COLLINE's multi-asset cross-border
collateral/margin management solution which increases accuracy,
eliminates inefficiencies, supports forecasting and optimises
collateral usage.
The combined offering provides a powerful, future-proof,
integrated solution for customers to benefit from efficiencies,
liquidity and best price execution in global financing markets
which are increasingly demanding.
Helen Nicol, Global Product Director, Collateral Solutions of
Lombard Risk, said: "The Elixium partnership represents an
innovative way to utilise technology to achieve added liquidity
within the Repo market by enabling true end-to-end
collateralisation, allowing firms to better sense, react, and
continuously learn from their activities in the market."
Nick McCall, CEO of Elixium commented: "This partnership will
allow us to provide market participants with a complete end-to-end,
automated collateral management and execution service. Market
participants will further benefit from Elixium's all-to-all
marketplace, by having access to new liquidity within regulated,
multi-center MTF environments."
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 Elixium
Elixium: is a secure all-to-all marketplace that has been
developed to unlock liquidity, create efficiencies, and improve
returns in the secured financing market. With traditional sources
of liquidity severely restricted, asset managers, pension funds,
CCP's, local authorities, government agencies, banks, agencies and
corporate treasuries are discovering the Elixium model which
provides liquidity by allowing them to view and execute
transactions directly within a regulated MTF environment that:
-- Has secure, cloud-based technology with industry standard governance, controls and audits.
-- Is transparent, unbiased, free to join and Mifid2 compliant.
-- Is flexible and client driven with multiple execution options.
-- Accommodates all settlement and clearing mediums.
-- Provides pre-trade anonymity and a standardised credit
framework allowing participants to control credit and counterparty
limits.
-- Has a bespoke Global Master Purchase Agreement (GMRA) which
allows for rapid, controlled all-to-all connectivity and adopts a
flexible and simplified on-boarding procedure which can help with
know your customer (KYC) and credit benchmarking.
-- Is based on TradAir's cutting edge Marketplace Technology
For more information please visit www.elixium.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 03, 2017 02:02 ET (06:02 GMT)
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