Lombard Risk Updates Collateral Management System to Meet New Rules

Lombard Risk Management has released an updated version of COLLINE, the firm’s collateral management, clearing and inventory management solution.
By Joe Parsons(2147488729)
Lombard Risk Management has released an updated version of COLLINE, the firm’s collateral management, clearing and inventory management solution.

The company updated the system to allow its clients to meet their IOSCO and Basel III regulatory commitments.

The new version now includes a configurable inventory manager providing real-time scenario analysis and an enhanced collateral substitution workflow, enabling managers to deal with high volumes more efficiently.

“There are many regulatory issues such as Dodd-Frank/EMIR, IOSCO and Basel III that firms need to adhere to and COLLINE is constantly being enhanced to meet both market and regulatory requirements,” says John Wisbey, CEO, Lombard Risk.

According to the firm, COLLINE is used by 30 of the world’s top 50 banks to calculate the margin required for clearing OTC derivatives and to automatically book collateral payments and receipts for a clearing house’s agreements.

“COLLINE’S strengths in collateral optimisation focuses on its flexible and configurable rule builder offering several algorithms, which in turn drives the allocation process according to the rules selected. The ‘what if’ functionality provides pre-trade and impact analysis for front office decision making,” adds Helen Nicol, product director, COLLINE, Lombard Risk.

«