Collateral tech vendor Lombard Risk is targeting asset managers and pension funds with a new cloud-based collateral management system.
Its new AgileCOLLATERAL, which will also target buy-side brokers, corporate and investment firms, is being launched to help buy-side client’s stricter collateral requirements for uncleared OTC derivatives, expected to be phased in from March 2017.
“They [buy-side] have to meet new regulatory requirements expected to be phased in around March 2017, which will see margin requirements and liquidity ratios increase,” said Alastair Brown, CEO of Lombard Risk.
“This means they must look at new ways to meet these challenges while keeping control of headcount, minimising fixed cost increases and reducing the impact on fund performance.”
AgileCOLLATERAL will combine Lombard Risk’s flagship collateral management system, COLLINE, providing electronic messaging services and algorithms to allow clients to maximise the use of assets.
“AgileCOLLATERAL gives a greater level of control over operational processes due to its rapid implementation, flexible pricing models and low cost deployment options. This allows firms to reduce the high cost of collateral management and redirect resources to better serve investors,” added Brown.