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Bayerische Landesbank live with Algorithmics for collateral management

21 May 2003  |  3482 views  |  0 Bayerische Landesbank live with Algorithmics for collateral management

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.

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