Lombard Risk Management, the provider of collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry has enhanced its repo and securities lending modules to provide a cross product collateral management solution supporting front-to-back margin operations.
The new modules will enable users to consolidate their margin views and exposure management processes on to a single platform to manage the operational increases emanating from the new regulatory provisions such as Dodd Frank and EMIR.
The web-based Colline repo and securities lending modules provide end-to-end, cross product (bilateral and cleared OTC derivatives, repo and securities lending) collateral management. Firms can use the solution to handle collateralized trades on a single platform and be better prepared for new regulatory demands. The consolidated solution mitigates credit risk while satisfying the growing demand for multiple/global entities , cross-product margining , CCP, optimization, master netting, MIS reporting, dispute management and electronic messaging.
New functionality introduced as part of the COLLINE Repo and Securities Lending modules includes:- Real-time trade valuation: full repo and sec lending trade valuations including all cash and coupon accruals and adjustments – daily and intra-day- Pricing: store multiple prices from multiple sources. User-configurable pricing rules- Exposure profiling: forecast exposure calculations at agreement level and adjust margin call as required- Trade eligibilities: optional fails and prepay inclusions- Tailored user interface and reporting: specific to repo and sec lending products- Consolidated inventory management- Configurable repo/sec lending workflow: support multiple margin workflows within a master agreement- Pricing control and validation: including missing, stale, aged, swing and zero prices
John Wisbey, CEO at Lombard Risk, said: The benefits of a single platform to manage collateral include: process efficiency, consolidated statements and reports, regulatory reporting, consolidated inventory management and cross-product collateral optimization.”
(JDC)