More NewsBayernLB licenses Algo Collateral for cross product margining

BayernLB licenses Algo Collateral for cross product margining

Enterprise risk management solutions firm Algorithmics Incorporated said Bayerische Landesbank (BayernLB) of Germany has selected its collateral software application to manage its current and future cross product margining requirements. BLB said its requirements were for a collateral management system that was flexible, had broad functional coverage, could normalize vast amounts of external data, and which was mapped to, and administered through, user-friendly interfaces. ‘Specifically, we needed a proven cross-product margining application to automate and improve the operational aspects of our existing Repo margining processes, and to support the future growth of our OTC derivative margining program,’ said Jurgen Pohl, Head of Collateral Department, BayernLB.

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