Erste Group picks Lombard Risk 27 October 2011London Reporter: Anna Reitman
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Lombard Risk Management has announced that Erste Group Bank has selected COLLINE as its collateral management solution.
This important contract further extends Lombard Risk's growing customer base in EMEA, and in particular in the German-speaking region.
COLLINE is a web-based solution designed by experienced business practitioners 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 (CCP), MIS reporting and electronic messaging.
Adam Zentai, head of Risk Management and Business Support, Group Capital Markets, said, "Erste Group will benefit from the new collateral system...that allows for efficient and precise exposure and margin calculations and, through a high degree of possible automation, decreases the operational risks incurred in a manual margining process."
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