Lombard Risk and Genpact's new solution
21 November 2014 New York
Image: Shutterstock
Lombard Risk Management and Genpact have collaborated to provide a new solution to help financial services firms optimise their collateral management operations.
Genpact will integrate its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk's Colline collateral, clearing, inventory management and optimisation solution.
This will enable both buy and sell-side firms to automatically digitise and capture the terms and conditions of various collateral agreements across asset classes, counterparties, and business silos, resulting in a margin and collateral rulebook by counterparty.
More specifically, the digitised data loads Colline's agreement management database with the critical counterparty margin and collateral rules needed to efficiently manage and optimise margin and collateral—reducing the time required to manually capture the information from existing and new agreements and amendments.
Genpact's service includes the data entry of custom agreement terms that are incapable of being extracted and digitised by CARDS, and management of the data.
In addition, the two companies are launching a joint business processing outsourcing (BPO) service for the collateral management function.
"We are very pleased to partner with a service provider like Genpact given their impressive global client base, collateral management domain expertise and their unique ability to combine process expertise with technology and analytics," said Cliff van Tonder, global alliances director at Lombard Risk.
Monty Singh, senior vice president and business leader for capital markets and IT services at Genpact, commented: "This service helps firms advancing their operating models and making operations more intelligent—able to capture data, execute transactions and provide visibility faster and more time effectively—thereby enabling companies to better sense, react, and continuously learn from their activities in the market."
Genpact will integrate its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk's Colline collateral, clearing, inventory management and optimisation solution.
This will enable both buy and sell-side firms to automatically digitise and capture the terms and conditions of various collateral agreements across asset classes, counterparties, and business silos, resulting in a margin and collateral rulebook by counterparty.
More specifically, the digitised data loads Colline's agreement management database with the critical counterparty margin and collateral rules needed to efficiently manage and optimise margin and collateral—reducing the time required to manually capture the information from existing and new agreements and amendments.
Genpact's service includes the data entry of custom agreement terms that are incapable of being extracted and digitised by CARDS, and management of the data.
In addition, the two companies are launching a joint business processing outsourcing (BPO) service for the collateral management function.
"We are very pleased to partner with a service provider like Genpact given their impressive global client base, collateral management domain expertise and their unique ability to combine process expertise with technology and analytics," said Cliff van Tonder, global alliances director at Lombard Risk.
Monty Singh, senior vice president and business leader for capital markets and IT services at Genpact, commented: "This service helps firms advancing their operating models and making operations more intelligent—able to capture data, execute transactions and provide visibility faster and more time effectively—thereby enabling companies to better sense, react, and continuously learn from their activities in the market."
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