Lombard Risk signs three more to Colline
30 March 2012 London and Austria
Image: Shutterstock
Lombard Risk Management has signed three contracts this month with new clients for its Colline collateral management software, and extended one existing contract.
The new clients are an American custodian bank, Bank für Arbeit und Wirtschaft AG in Austria (BAWAG), and a Swedish financial institution. The contract extension is with Dekabank, and services to the German bank will now include Central Counterparty Clearing functionality.
The four deals will bring combined estimated first year revenues of £1.1 million.
CEO of Lombard Risk John Wisbey commented: “The addition of repo and securities lending modules to Colline was a major factor in winning one of these deals and we believe these modules will allow us to generate useful additional revenue in the coming year. We expect to be able to name the U.S. custodian bank once it is live with Colline. We are also delighted to have extended our reach in the German speaking world and in Scandinavia.”
Colline is a service designed for end-to-end collateral management that aims to handle the increase in collateralised trades and assist in meeting new regulatory demands. Some of the new functionality being introduced within the repo and securities lending modules include:
Pricing: the ability to store multiple prices from multiple sources.
Trade valuation: Colline will support full repos and securities lending trade valuation including all cash and coupon accruals and adjustments that are made daily and intra-daily.
Exposure profiling: ability to forecast exposure calculations at agreement level and adjust margin call accordingly where required
The new clients are an American custodian bank, Bank für Arbeit und Wirtschaft AG in Austria (BAWAG), and a Swedish financial institution. The contract extension is with Dekabank, and services to the German bank will now include Central Counterparty Clearing functionality.
The four deals will bring combined estimated first year revenues of £1.1 million.
CEO of Lombard Risk John Wisbey commented: “The addition of repo and securities lending modules to Colline was a major factor in winning one of these deals and we believe these modules will allow us to generate useful additional revenue in the coming year. We expect to be able to name the U.S. custodian bank once it is live with Colline. We are also delighted to have extended our reach in the German speaking world and in Scandinavia.”
Colline is a service designed for end-to-end collateral management that aims to handle the increase in collateralised trades and assist in meeting new regulatory demands. Some of the new functionality being introduced within the repo and securities lending modules include:
Pricing: the ability to store multiple prices from multiple sources.
Trade valuation: Colline will support full repos and securities lending trade valuation including all cash and coupon accruals and adjustments that are made daily and intra-daily.
Exposure profiling: ability to forecast exposure calculations at agreement level and adjust margin call accordingly where required
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