Lombard Risk and Acadia link for collateral
15 March 2013 London
Image: Shutterstock
Lombard Risk Management and AcadiaSoft have teamed up to offer electronic collateral messaging.
Lombard Risk’s solution COLLINE has been enabled for collateral messaging, with full two-way integration achieved with AcadiaSoft’s MarginSphere community, using the Lombard Risk REFORM messaging engine. The combined solution of COLLINE and MarginSphere working fully together is due to go into production shortly at two leading Tier 1 European banks.
Lombard Risk COLLINE is a non-legacy product in the collateral management space, with over 50 clients using the product for managing their collateral, ranging from several Tier 1 banks to asset managers, fund administrators and energy companies.
COLLINE covers margin management and related workflow for OTC, cleared and listed derivatives and additionally covers repos and securities lending and collateral optimisation across multiple asset classes.
MarginSphere is the result of collaboration between AcadiaSoft and several financial institutions. It is a margin confirmation community where counterparties engaged in collateral management electronically confirm margin calls, substitutions and interest statements.
John Wisbey, CEO of Lombard Risk said: “Electronic messaging and the progressive elimination, or reduction in the reliance on, emails for communicating margin calls and other events - like interest calculations and collateral substitution - is a key step towards safer and more efficient markets.
AcadiaSoft has emerged as the leading provider in the messaging space for this area and it made sense to be able to offer our collateral management clients robust and scalable two-way integration between COLLINE and MarginSphere.”
“Messaging is represented in the COLLINE collateral management dashboard and exposure/interest management screens. Lombard Risk’s solution has been designed in a way that integration with other collateral messaging systems (including internal messaging systems at a bank) is possible using the same technology, but this is the first we have successfully brought to the point of production. We are delighted that we and AcadiaSoft have been able to make these two technologies work so well together and look forward to integrating with even more functionality going forward.”
Craig Welch, CEO of AcadiaSoft added that MarginSphere provides industry standard automation of the margin process that is a critical element of Dodd-Frank and Basel III risk management infrastructures. “Regulation is a high-focus business area for Lombard Risk as well, which made them such good partners in this project.”
Lombard Risk’s solution COLLINE has been enabled for collateral messaging, with full two-way integration achieved with AcadiaSoft’s MarginSphere community, using the Lombard Risk REFORM messaging engine. The combined solution of COLLINE and MarginSphere working fully together is due to go into production shortly at two leading Tier 1 European banks.
Lombard Risk COLLINE is a non-legacy product in the collateral management space, with over 50 clients using the product for managing their collateral, ranging from several Tier 1 banks to asset managers, fund administrators and energy companies.
COLLINE covers margin management and related workflow for OTC, cleared and listed derivatives and additionally covers repos and securities lending and collateral optimisation across multiple asset classes.
MarginSphere is the result of collaboration between AcadiaSoft and several financial institutions. It is a margin confirmation community where counterparties engaged in collateral management electronically confirm margin calls, substitutions and interest statements.
John Wisbey, CEO of Lombard Risk said: “Electronic messaging and the progressive elimination, or reduction in the reliance on, emails for communicating margin calls and other events - like interest calculations and collateral substitution - is a key step towards safer and more efficient markets.
AcadiaSoft has emerged as the leading provider in the messaging space for this area and it made sense to be able to offer our collateral management clients robust and scalable two-way integration between COLLINE and MarginSphere.”
“Messaging is represented in the COLLINE collateral management dashboard and exposure/interest management screens. Lombard Risk’s solution has been designed in a way that integration with other collateral messaging systems (including internal messaging systems at a bank) is possible using the same technology, but this is the first we have successfully brought to the point of production. We are delighted that we and AcadiaSoft have been able to make these two technologies work so well together and look forward to integrating with even more functionality going forward.”
Craig Welch, CEO of AcadiaSoft added that MarginSphere provides industry standard automation of the margin process that is a critical element of Dodd-Frank and Basel III risk management infrastructures. “Regulation is a high-focus business area for Lombard Risk as well, which made them such good partners in this project.”
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