Lombard Risk launch new cloud collateral system
13 September 2016 London
Image: Shutterstock
Lombard Risk Management is launching AgileCollateral, a cloud-based collateral management system that provides the functionality of its existing Colline solution “in a modular, light touch delivery format”, according to Lombard Risk.
The new offering is described by Lombard Risk as a “collateral-in-a-box solution” that eliminates the need for onsite installation and infrastructure costs.
It will be aimed at servicing asset managers, buy-side brokers, pension funds, corporates and investment firms that must soon meet the stricter uncleared collateral margin requirements expected to be phased in from around March 2017.
In a statement on the launch Lombard Risk stated: “It can be up and running in as little as a day. It is intuitive, reducing the need for training, and modular, adding asset classes as needed, scaling up over time to handle more complexity and volume, and implemented in layers to control costs to match business needs.”
The solution provides direct connections to electronic messaging services and its optimisation algorithms. It also provides security through the elimination of spreadsheets, and mitigates risk associated with manual input and calculations, according to Lombard Risk.
It can be delivered through either a license or subscription fee model.
Alastair Brown, Lombard Risk’s CEO said: “Buy-side firms face numerous collateral challenges particularly as they have to meet new regulatory requirements expected to be phased in around March 2017, which will see margin requirements and liquidity ratios increase.”
“This means they must look at new ways to meet these challenges while keeping control of headcount, minimising fixed cost increases and reducing the impact on fund performance.”
“AgileCOLLATERAL gives a greater level of control over operational processes due to its rapid implementation, flexible pricing models and low cost deployment options. This allows firms to reduce the high cost of collateral management and redirect resources to better serve investors.”
The new offering is described by Lombard Risk as a “collateral-in-a-box solution” that eliminates the need for onsite installation and infrastructure costs.
It will be aimed at servicing asset managers, buy-side brokers, pension funds, corporates and investment firms that must soon meet the stricter uncleared collateral margin requirements expected to be phased in from around March 2017.
In a statement on the launch Lombard Risk stated: “It can be up and running in as little as a day. It is intuitive, reducing the need for training, and modular, adding asset classes as needed, scaling up over time to handle more complexity and volume, and implemented in layers to control costs to match business needs.”
The solution provides direct connections to electronic messaging services and its optimisation algorithms. It also provides security through the elimination of spreadsheets, and mitigates risk associated with manual input and calculations, according to Lombard Risk.
It can be delivered through either a license or subscription fee model.
Alastair Brown, Lombard Risk’s CEO said: “Buy-side firms face numerous collateral challenges particularly as they have to meet new regulatory requirements expected to be phased in around March 2017, which will see margin requirements and liquidity ratios increase.”
“This means they must look at new ways to meet these challenges while keeping control of headcount, minimising fixed cost increases and reducing the impact on fund performance.”
“AgileCOLLATERAL gives a greater level of control over operational processes due to its rapid implementation, flexible pricing models and low cost deployment options. This allows firms to reduce the high cost of collateral management and redirect resources to better serve investors.”
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