Lombard Risk bags another three 31 July 2012London Reporter: Mark Dugdale
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Lombard Risk Management has secured three new contracts.
One contract will see Lombard Risk license and implement its Colline collateral management software to a US-based international fund management group.
The contract covers Colline’s modules for OTC collateral management, clearing and management information reporting, and has a first-year value of approximately £500,000.
John Wisbey, the CEO of Lombard Risk, said: “We are delighted to have been able to add this prestigious US fund management client to our very high quality client list for Colline. As for other recent contract wins, the addition of clearing and our Reporter MIS product to Colline was a major factor in winning this deal and we believe these modules together with those for repo and securities lending will allow us to generate useful additional revenue from other clients in the coming year.”
The other two new contracts relate to new European reporting rules.
Common reporting (COREP) describes the reporting requirements of the harmonised European Capital Requirements Directive. The European Banking Authority (EBA) will mandate COREP as a standardised reporting framework from 31 December 2012.
The two new contracts are for Lombard Risk’s COREP programme, bringing the total number of contracts to 13.
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