Lombard Risk Management expects revenues of £2m from Colline contract

Société Générale Corporate & Investment Banking will use Lombard Risk's Colline system to handle its global collateral management operations in six countries across Europe, the Americas and Asia. The company expects the contracy 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 demand for multiple global entities, cross-product margining, central counterparty clearing, MIS reporting and electronic messaging.

Commenting on the contract, John Wisbey, CEO of Lombard Risk, said: "We are delighted to have Société Générale as another tier one client for Colline and our first tier one client for our new advanced MIS reporting module. Two of the most active trading banks in Europe have now chosen Colline to manage their collateral worldwide".