SocGen selects Lombard Risk for collateral management
12 August 2011 London
Image: Shutterstock
Lombard Risk has announced that Societe Generale will be using its consolidated platform, Colline, for OTC derivatives, repo and securities lending collateral management.
SocGen will use the platform for operations in six countries across Europe, the Americas and Asia.
John Wisbey, CEO of Lombard Risk, said: "We are delighted to have Societe Generale as another tier one client...two of the most active trading banks in Europe have now chosen Colline to manage their collateral worldwide."
A new feature of the system will enable firms to see the impact on collateral of a variety of criteria, like the US sovereign downgrade, according to a spokeswoman at Lombard Risk.
The contract is worth more than £2m in the first two years.
SocGen will use the platform for operations in six countries across Europe, the Americas and Asia.
John Wisbey, CEO of Lombard Risk, said: "We are delighted to have Societe Generale as another tier one client...two of the most active trading banks in Europe have now chosen Colline to manage their collateral worldwide."
A new feature of the system will enable firms to see the impact on collateral of a variety of criteria, like the US sovereign downgrade, according to a spokeswoman at Lombard Risk.
The contract is worth more than £2m in the first two years.
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