Société Générale Uses Lombard for Global Collateral Management
Lombard Risk Management (Lombard Risk) has announced a global contract with Tier 1 bank, Société Générale (SocGen), for its colline collateral management solution. This contract is expected to generate revenues of more than £2m in the first two years and contribute to future years.
Colline is a web-based solution designed for end-to-end, cross-product collateral management. It provides a consolidated solution for mitigating credit risk while meeting the growing demand for multiple global entities, cross-product margining, central counterparty clearing (CCP), MIS reporting and electronic messaging.
SocGen corporate and investment banking will use Lombard Risk’s system to handle its global collateral management operations in six countries across Europe, the Americas and Asia. The bank has licensed the full suite of collateral management modules to create a solution that covers all the financial product sectors and has full clearing and MIS reporting functionality.