Source: Lombard Risk
Lombard Risk Management plc, 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 (DTCC) and Euroclear.
Lombard Risk has formed a strategic alliance with GlobalCollateral as well as joined 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.”