Lombard Risk Management has expanded its agreement with a tier 1 German bank, Finextra reports. The contract was extended to add central counterparty clearing (CCP) functionality to the bank’s existing use of web-based solution Colline for global collateral management. Colline has been developed for end-to-end, cross-product collateral management. It offers a consolidated solution for reducing credit risk while meeting the demand for multiple/global entities, cross-product margining, CCP, MIS reporting, dispute management, optimization and electronic messaging.
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