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DTCC-Euroclear Global Collateral and Lombard Risk joint venture to improve collateral management operations

First Published 18th September 2017

GlobalCollateral's Margin Transit Utility links with the Lombard Risk COLLINE solution to enable a collateral management process across all asset classes - from trade entry to settlement

Alastair Brown, Lombard Risk

Alastair Brown, Lombard Risk

DTCC-Euroclear Global Collateral, a joint venture of Euroclear and The Depository Trust & Clearing Corporation (DTCC), and Lombard Risk, the provider of collateral management and regulatory reporting solutions, have announced a strategic alliance to improve collateral management operations. Lombard Risk has also joined the GlobalCollateral Partner Program.

Lombard Risk COLLINE users will be able to access GlobalCollateral's Margin Transit Utility (MTU) message statuses directly from their user interface, enabling a straight-through collateral management process across all asset classes - from entering trades and positions, to managing the issue and receipt of margin calls, to matching collateral transactions in COLLINE and submitting them for settlement in MTU.

In addition, GlobalCollateral and Lombard Risk will explore ways to transform industry workflows in the collateral space, including the expansion of services across market segments and instrument types plus the identification of opportunities to collaborate with further partners.

Alastair Brown, Chief Executive Officer at Lombard Risk said: "The combination of solutions coupled with Lombard Risk's deep industry expertise and proven track record will enable us to jointly provide new and comprehensive services that improve operational efficiency, and deliver real value to industry participants and customers."