Lombard’s Colline tackles uncleared margin regulation
01 April 2016 London
Image: Shutterstock
A new version of Colline allows Lombard Risk’s client base to meet multiple global regulatory deadlines for uncleared margin rules, the technology firm has revealed.
Through the latest version of Colline, Lombard Risk aims to help its clients affected by the 1 March 2017 and later deadlines to deal with the operational complexities of meeting cross-jurisdiction margin rules, including identifying the locations of counterparties, differences relating to inter-affiliate trades and currency regimes.
The new Colline will allow Lombard Risk clients to automatically deal with credit support annex terms, asset class definitions, ratings, eligibility controls and alerts, workflow processes, and reporting.
Helen Nicol, global product director of Colline at Lombard Risk, explained further: “In such a changing environment the most efficient way for firms to stay up to date is through a technology solution that automatically calculates exposure, performs eligibility checks and provides increased levels of automation.”
“We’ve seen a number of existing clients already sign up for the regulatory licence as well as an influx of enquiries from other interested organisations requesting information on our offering and how it can assist them in meeting the regulations.”
Through the latest version of Colline, Lombard Risk aims to help its clients affected by the 1 March 2017 and later deadlines to deal with the operational complexities of meeting cross-jurisdiction margin rules, including identifying the locations of counterparties, differences relating to inter-affiliate trades and currency regimes.
The new Colline will allow Lombard Risk clients to automatically deal with credit support annex terms, asset class definitions, ratings, eligibility controls and alerts, workflow processes, and reporting.
Helen Nicol, global product director of Colline at Lombard Risk, explained further: “In such a changing environment the most efficient way for firms to stay up to date is through a technology solution that automatically calculates exposure, performs eligibility checks and provides increased levels of automation.”
“We’ve seen a number of existing clients already sign up for the regulatory licence as well as an influx of enquiries from other interested organisations requesting information on our offering and how it can assist them in meeting the regulations.”
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