Lombard Risk Management plc (LSE: LRM) has formed a major global contract with Socit Gnrale Corporate & Investment Banking for its COLLINE collateral management software.
This major contract is expected to generate revenues of more than 2 million in the first two years and contribute to future years.
COLLINE is a web-based software designed for end-to-end, cross-product collateral management. It provides a consolidated solution for mitigating credit risk while meeting the growing demand for multiple global entities, cross-product margining, central counterparty clearing, MIS reporting and electronic messaging.
Socit Gnrale will use Lombard Risks COLLINE system to handle its global collateral management operations in six countries across Europe, the Americas and Asia. The bank has licensed the full suite of collateral management modules to create a program that covers all the financial product sectors (i.e., 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, John Wisbey, CEO of Lombard Risk, says. Two of the most active trading banks in Europe have now chosen COLLINEto manage their collateral worldwide.
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