Bayerische Landesbank live with Algorithmics for collateral management
21 May 2003 | 3465 views | 0
Munich-based Bayerische Landesbank (BayernLB) has deployed Algorithmics' Algo Collateral product to manage its current and future global cross product margining.
Claudia Gutke, collateral manager, BayernLB says the software has a short implementation cycle and the bank is already beginning to benefit from automated operational collateral management.
BayernLB is also using Algo Collateral's interface to the LeDIS legal database application - a joint development between Toronto-based Algorithmics and German financial software and services provider VöB-Service - to manage appropriate master and collateral agreements and terms.