LONDON, UNITED KINGDOM — (Marketwire) — 03/30/12 — Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, is pleased to announce that it has signed three contracts this month with new clients for its COLLINE collateral management software. In addition, the Company has signed an extension to its existing COLLINE contract with a German bank to include Central Counterparty Clearing (“CCP”) functionality.
The three new clients are:
The contract extension is with Dekabank in Germany.
The four deals will bring combined estimated first year revenues of GBP 1.1million.
John Wisbey, CEO of Lombard Risk, commented: “We are delighted to have won the additional contracts for COLLINE with these prestigious firms. The addition of to COLLINE was a major factor in winning one of these deals and we believe these modules will allow us to generate useful additional revenue in the coming year.
We expect to be able to name the U.S. custodian bank once it is live with COLLINE. We are also delighted to have extended our reach in the German-speaking world and in Scandinavia. We now have three of the top Austrian banks and three of the top German banks as clients for COLLINE.”
® is a state-of-the-art, web-based solution designed by experienced business practitioners for end-to-end, cross-product (OTC derivatives, Repos and Securities Borrowing and Lending) collateral management – designed to assist firms in handling the increase in collateralised trades and meeting new regulatory demands. It provides a consolidated solution for mitigating credit risk while satisfying the growing demand for multiple/global entities, cross-product margining, Central Counterparty Clearing (CCP), optimisation, master netting, MIS reporting, dispute management and electronic messaging.
Visit the on the Lombard Risk website.
Contacts:
Lombard Risk
John Wisbey
CEO
Head Office: London +44 (0)20 7593 6700
Lombard Risk
Rebecca Bond
Group Marketing Director
UK +44 (0)20 7593 6796
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