DTCC-Euroclear Global Collateral and Lombard Risk form strategic alliance to drive improvements across Collateral Management Operations
The multi-phased alliance commences with agreement to link GlobalCollateral’s Margin Transit Utility with the Lombard Risk COLLINE solution, enabling a seamless and transparent collateral management process across all asset classes—from trade entry to settlement
London/New York/Singapore/Hong Kong/Sydney, 18 September 2017 – DTCC-Euroclear Global Collateral Ltd (GlobalCollateral), a joint venture of Euroclear and The Depository Trust & Clearing Corporation (DTCC), and Lombard Risk, the leading dedicated global provider of collateral management and regulatory reporting solutions, today announced a strategic alliance to drive further improvements in collateral management operations. Lombard Risk has also joined the GlobalCollateral Partner Program. The first initiative under this alliance will link GlobalCollateral’s Margin Transit Utility (MTU) with Lombard Risk’s COLLINE solution, providing a streamlined and centralized collateral management process across all asset classes.
Under the alliance’s first initiative, Lombard Risk COLLINE users will be able to access MTU message statuses directly from their user interface, enabling a straight-through collateral management process across all asset classes - from entering trades and positions, to managing the issue and receipt of margin calls, to matching collateral transactions in COLLINE and seamlessly submitting them for settlement in MTU. The integrated offering will bring new levels of efficiency to the daily workflow across multiple systems, reducing manual procedures, promoting data accuracy and increasing visibility into the collateral management lifecycle.
In addition, GlobalCollateral and Lombard Risk will work closely in the exploration of innovative ways to transform industry workflows in the collateral space, including the expansion of services across market segments and instrument types plus the identification of opportunities to collaborate with further partners.
“We are pleased to be working with Lombard Risk on this strategic alliance to enable true front-to-back collateral management processing across buy- and sell-side firms of all sizes in order to expand upon the value that each firm provides to its clients,” stated Mark Jennis, Executive Chairman at GlobalCollateral. “We look forward to delivering our first project under this alliance – the linking of MTU and Lombard Risk COLLINE, which will simplify current collateral management processes, creating an overall more efficient and streamlined process.”
“The alliance with GlobalCollateral better positions Lombard Risk to achieve its goal of further expanding COLLINE’s market reach globally, to both buy and sell-side firms,” stated Alastair Brown, Chief Executive Officer at Lombard Risk. “The combination of solutions coupled with Lombard Risk’s deep industry expertise and proven track record will enable us to jointly provide new and comprehensive services that improve operational efficiency, and deliver real value to industry participants and customers.”
About Lombard Risk
Lombard Risk (LSE: LRM) is the leading dedicated global provider of collateral management and regulatory solutions that enable clients in the financial services industry to significantly improve their approach to managing risk. With Lombard Risk, clients achieve the agility they need to gain advantage through intelligent automation of regulatory reporting and optimization of cross-product collateral management, reducing the cost and complexity of managing risk while maximizing accuracy, speed and value. Lombard Risk’s global team of experts in jurisdictional regulatory obligations and practitioner-based experts in cross-product collateral management look beyond reporting and collateral management as defined today, to ensure the technologies Lombard Risk develops keep clients ahead of the market, now and in the future. To learn more, please visit www.lombardrisk.com.
DTCC-Euroclear Global Collateral Ltd (“GlobalCollateral”) is a joint-venture between DTCC and Euroclear, two of the world's largest post-trade infrastructures. An open architecture infrastructure designed to streamline collateral processing globally, GlobalCollateral provides both OTC derivatives and financing solutions that deliver transparency, collateral mobility, efficiency and security through two powerful utilities:
The Margin Transit Utility: enabling straight-through processing of margin calls and providing improved liquidity and operational risk management.
The Collateral Management Utility: automating collateral management tasks, re-positioning inventory seamlessly across settlement locations, making collateral available wherever and whenever it is needed.
Kristi Morrow, GlobalCollateral
+ 1 617 880 6770