Euroclear-DTCC and Lombard Risk link collateral management programmes
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Euroclear-DTCC and Lombard Risk link collateral management programmes 18 September 2017London Reporter: Jenna Lomax
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Lombard Risk has partnered its Colline solution with DTCC and Euroclear's GlobalCollateral margin transit utility (MTU) programme.
DTCC-Euroclear GlobalCollateral is a joint venture between the Depository Trust & Clearing Corporation (DTCC) and Euroclear.
Through the agreement, Lombard Risk Colline users will be able to access MTU message statuses directly from their user interface and match collateral transactions in Colline and submit them for settlement in MTU.
According to Lombard Risk, the agreement will enable a seamless and transparent collateral management process across all asset classes, by removing the need to enter transactions across multiple systems, lowering manual processes and promoting data accuracy.
Mark Jennis, executive chairman at GlobalCollateral, said: “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 a more efficient and streamlined process.”
Alastair Brown, CEO of Lombard Risk, added: “The combination of solutions coupled with Lombard Risk’s deep industry expertise and proven track record will enable us to provide new and comprehensive services that help improve operational efficiency, and deliver real value to industry participants and customers.”
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