Firmament, which includes valuation and risk management for credit instruments. Handling the deal cycle, it covers a range of instruments including optimised analytics and benchmarking. There is also Oberon, Lombard’s original offering. It is a front-to-back, integrated, multi-currency system for trade processing, valuation and risk management for a wide range of instruments including interest rate and inflation derivatives, FX, money market, and fixed income portfolios. Reform was the newest of the offerings, having been launched in July 2012. It was intended to allow companies to manage trade-related processes, including regulatory transaction reporting. It was designed to address the needs of Dodd-Frank, EMIR, MiFID/R2 and other regulations, such as the OTC derivatives market reporting needs of Hong Kong. There was an integration layer, eligibility rules, data collation, message library to capture formatting rules, activity monitoring and dashboards, and exception handling and alerts.


COLLINE, one of the older products that continues to exist is a web-based collateral management application for managing all parts of the margin call and reconciliation process. The solution is designed to integrate with existing technology as well as enable better asset utilisation and improve risk management strategies. The standard solution supports OTC derivatives, as well as repo, energy and securities lending. The software is compatible with all ISDA, ICMA and ISLA contracts as well as other custom or bespoke agreements. COLLINE can either be installed on a client’s own infrastructure or hosted by Lombard Risk. It is positioned for top-tier banks but also for small organisations, both on the sell- and buy-side. Clients span small hedge funds, pension funds and asset managers, to tier one and tier two banks. COLLINE takers include ABN Amro, Bank of New York Mellon, Jyske Bank in Denmark, SBAB


Partners Lombard Risk has forged a number of alliances over the years.


Regulatory compliance solution partners have included Infos- ys, Misys and Temenos. These companies typically integrated their solutions with either STB-Reporter or STB-Detector. Collateralised trading solutions partners have included Bank of New York Mellon, LaCrosse Global Fund Services, and Northern Trust. These types of partnerships are meant to provide a ‘one-stop shop’ to manage the trading and collateral management process resulting in improved trading terms, greater investment returns and more efficient settlement processes.


Regional resellers have comprised COCC, Mideast Data Systems, and PT Cygnet Pericon. CPA Audit, Hitec Laboratories, IBM, Intetek, and Managing IT For Business have been among Lombard’s technology and service partners. Service partners are a key strategic element in the delivery of Lombard Risk solutions. The company put in place a formal Alliances programme in 2013. In October 2014, Lombard announced a tie-up for Colline with NTT Data Inc in the US, which would link the collateral management reporting solution with NTT’s data management expertise and US sales reach.


in Sweden, and LaCrosse Global Fund Services and Northern Trust in the US.


During the first half of 2011, Lombard Risk sought to expand business lines within the COLLINE solution as well as bolstering the COLLINE team, with the latest recruits coming from Credit Suisse and Daiwa Capital Markets Europe. The vendor’s stated strategy for the COLLINE product management team is to employ ex-practitioners with hands- on experience of collateral management. With the move towards more regulation in the uncleared


OTC space, Lombard observed increasing interest from many clients, particularly on the buy-side, in an exchange-traded derivatives (ETD) offering. In January 2017, Lombard released a new ETD module, COLLINE V15, that has reportedly seen several clients begin implementation. COLLINE’s ETD product suite automates processes and


includes Futures Commission Merchant (FCM), exchange and client views, dashboards and configurable workflows according to client/user type, updated automation of bookings, balance transfers and a choice between Net or Non- Net (IM/VM Split) settlements to meet stringent demands of a large FCMs further streamline processing. While the ETD service came in response to uncleared margin requirements in the US and EU, further regulatory updates for Hong Kong, Singapore and Australia are expected in the near future. AgileCOLLATERAL is Lombard’s collateral management


product on the cloud In March 2016, Lombard Risk launched AgileREPORTER, its next generation agile solution for regulatory reporting. The product is a result of the merging of its older products, and with a newer naming convention. AgileREPORTER is an end-to-end solution that automates generation of regulatory reports from capture and consolidation of data through to computation and submission to regulatory authorities.


Oracle Financial Services and Lombard Risk have launched a new automated regulatory platform in October 2015, aimed at improving regulatory-reporting efficiency. The new offering consists of Oracle Financial Services’ Data Foundation analytical data platform and a user portal, which incorporates Lombard Risk’s Reporter Portal and reporting templates. Oracle and Lombard are trying to improve regulatory reporting through increased automation, but regulators continue to increase the amount of mandated reports as well as the increased details of those reports. In December 2016, Lombard Risk partnered with Atos to


leverage the latter’s established client network across Germany to push Lombark Risk’s COLLINE® into the German market. Lombard Risk extended its partnership with a leading Eastern European bank, for a further five years, providing the bank with its collateral management solution, COLLINE®. The offering was also accompanied by an additional functionality that included a license for Exchange Traded Derivatives and regulatory software upgrades, a new module for stock lending, and a local language reporting and support - which has been particularly important to the bank. In 2017, Lombard Risk propelled its desire to create a client


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