London
18 September 2017
Reporter: Jenna Lomax

Euroclear-DTCC and Lombard Risk link collateral management programmes


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.”

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Banks cautiously optimistic about impact of tech
18 October 2017 | Toronto | Reporter: Theo Andrew
According to the BNY Mellon research, Rethinking the Client Payment Experience, security and reliability are viewed as instrumental in creating the ideal payment experience
Broadridge completes blockchain bilateral repo pilot
18 October 2016 | New York | Reporter: Theo Andrew
The pilot, conducted in partnership with Natixis and Societe Generale, utilises distributed ledger technology in order to make complex processes “more secure, transparent and efficient”
ABN AMRO Clearing extends partnership with Fidessa
16 October 2017 | London | Reporter: Jenna Lomax
Since June 2016, ABN Amro Clearing has been using XTP after replacing numerous ISV and in-house systems
Accuity integrates financial crime solution with DLT platform
13 October 2017 | London | Reporter: Theo Andrew
Accuity, working closely with R3, has developed a solution that enables financial crime screening of customers and transactions on Corda
KAS Bank seeking to innovate UK pensions market
10 October 2017 | London | Reporter: Theo Andrew
The plans are revealed two months after KAS Bank launched its cost transparency dashboard for defined-benefit pension schemes, intended to address the rising costs of regulatory scrutiny
Deutsche Borse expands data feeds with CEF ultra+
09 October 2017 | Frankfurt | Reporter: Jenna Lomax
Deutsche Borse has released CEF ultra+ Irish Stock Exchange Order by Order, a data feed that offers pre-trade and trade information
Saxo Bank chooses Torstone in Japan
05 October 2017 | Tokyo | Reporter: Theo Andrew
Saxo Bank Japan will use the system to improve efficiency in post-trade reporting processes
More technology news