Lombard Risk Management PLC ALLIANCE WITH DTCC-EUROCLEAR GLOBAL COLLATERAL
September 18 2017 - 2:01AM
RNS Non-Regulatory
TIDMLRM
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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