CCR World Magazine


You are here  :Home arrow News arrow Genpact and Lombard Risk Launch New Collateral Management Solution for Capital Markets
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Genpact and Lombard Risk Launch New Collateral Management Solution for Capital Markets Print E-mail
Thursday, 20 November 2014

NEW YORK, NY, November 20, 2014 – Genpact Limited, a global leader in designing, transforming, and running intelligent business operations, and Lombard Risk Management plc, a leading provider of integrated collateral management, liquidity, and regulatory compliance solutions for the financial services industry, announce their collaboration to provide a new solution to help financial services firms optimize their collateral management operations.

The collaboration between Genpact and Lombard Risk with CARDS and COLLINE addresses major cost pain points in the industry, and significantly improves margin and collateral management efficiencies with a true end-to-end solution. Genpact will integrate its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk’s COLLINE® collateral, clearing, inventory management and optimization solution. This unique solution will enable both buy and sell-side firms to automatically digitize and capture the terms and conditions of various collateral agreements across asset classes, counterparties, and business silos, resulting in a margin and collateral rulebook by counterparty.

More specifically, the digitized data loads COLLINE’s agreement management database with the critical counterparty margin and collateral rules needed to efficiently manage and optimize margin and collateral, sharply reducing the time required to manually capture the information from existing and new agreements and amendments. Genpact’s service includes the data entry of custom agreement terms which are incapable of being extracted and digitized by CARDS, and management of the data.

In addition, the two companies are launching a joint business processing outsourcing (BPO) service for the collateral management function to include processes such as setup and management of agreements, integrating and verifying positions and inventory, monitoring of margin calls extending from issuance to settlement, and supported by ageing analysis, dispute resolution, and failed settlement and customized reporting—together with comprehensive optimization and inventory management.

Real-time margin management and intra-day collateral management are rapidly becoming the table stakes for financial services firms to survive and grow. They must drive a number of key functions including managing dynamic margin, collateral eligibility rules, settlement systems, exchanges, collateral across multiple counterparties, and clearing venues with diverse margin and collateral requirements. They must also ensure their liquidity and funding capacity through collateral optimization as well as capturing, mitigating, and allocating collateral costs across products and businesses. This joint solution will address these pain points because Lombard Risk’s award-winning COLLINE is the leading platform for collateral management and CARDS has the widest coverage of agreement types.

“We are very pleased to partner with a service provider like Genpact given their impressive global client base, collateral management domain expertise and their unique ability to combine process expertise with technology and analytics,” said Cliff van Tonder, Global Alliances Director at Lombard Risk. “Having just won Custody Risk’s European Awards 2014 ‘Collateral Technology Vendor of the Year’ – and now, in partnership with Genpact, delivering the world’s first collateral management solution complete with truly integrated automatic digitization of collateral agreements – exemplifies why we are market leaders in this space.”

“Lombard Risk brings its valuable COLLINE solution used by a number of financial institutions, which addresses the real-time enterprise view of inventory,” said Monty Singh, senior vice president and business leader, Capital Markets and IT Services, Genpact. “When combined with Genpact’s services delivery capabilities and CARDS platform which seamlessly manages collateral relationship, we are filling a huge gap in the market by enabling true collateralization. This service helps firms advancing their operating models and making operations more intelligent – able to capture data, execute transactions and provide visibility faster and more time effectively – thereby enabling companies to better sense, react, and continuously learn from their activities in the market.”

Lombard Risk’s COLLINE provides firms with a comprehensive collateral management, clearing, inventory management and optimization solution – supporting both house and client- clearing for direct and indirect clearers, and offers flexible functionality, with rule builders, to enable clients to manage their ongoing requirements.

(Source - Genpact and Lombard Risk Press Release)  

 

The CCR World App

 

Read CCR World as an App on your iPad or iPhone.
Simply click on this link (opens iTunes as an external link) to see the CCR World iTunes Preview and download to receive a free two-week trial or go to iTunes or the App Store and search for "CCR World".

CCR Magazine


Want to know more about the UK credit scene? Then take a look at our sister magazine, CCR, the leading UK publication for senior credit industry executives.

Find out more

CCR World newswire

Sign up to our E-Newsletter and E-Alerts.

subscribe

Read The Magazine - FREE ONLINE!

CCR World is the premier magazine for consumer and commercial credit professionals. It provides an independent voice to the global industry, breaking news stories and running in-depth features.

It is FREE to read online, so click here to read the current edition online.

(If you have not registered already, you will just need to do so to read all the news and analysis).

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197