International financial institution of eight Nordic and Baltic countries Nordic Investment Bank (NIB) has chosen trade lifecycle automation service provider Omgeo to automate its collateral management process for OTC derivatives. The bank chose Omgeo’s end-to-end collateral management solution Omgeo ProtoColl for its over-the-counter (OTC) derivatives trades.
The new solution took less than three months to be employed and will help limit operational and counterparty risk, enhance efficiency and assist in regulatory compliance. Omgeo links 6,500 clients and 80 technology partners in 50 countries across the globe.
Click here for the release from Omgeo.
DV Omgeo ProtoColl Baltic Nordic Investment Bank Omgeo