Socit Gnrale has selected the collateral management solution of Lombard Risk Management, paying 2 million for the service over the next two-plus years.
COLLINE, the collateral management solution, is a Web-based solution designed for end-to-end, cross-product collateral management. COLLINE mitigates credit risk with functionalities for multiple global entities, cross-product margining, central counterparty clearing, MIS reporting and electronic messaging.
Socit Gnrale Corporate & Investment Banking will use a full suite of collateral management modules covering all the financial product sectors (including OTC derivatives, repo and securities lending) and has full Clearing and MIS Reporting functionality.
We are delighted to have Socit Gnrale as another tier-one client for COLLINE and our first tier-one client for our new advanced MIS Reporting module, says John Wisbey, CEO of Lombard Risk. Two of the most active trading banks in Europe have now chosen COLLINE to manage their collateral worldwide.
(CG)