Lombard Risk and SmartDX to automate margin calls 28 July 2017London Reporter: Jenna Lomax
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Lombard Risk has linked up with SmartDX from Smart Communications to provide end-to-end automated legal and margin call management.
The joint offering between Lombard Risk and SmartDX enables data to be extracted from agreements negotiated in the SmartDX documentation solution.
The data will then be passed through to Lombard Risk’s Colline automated cross-asset collateral management platform.
Helen Nicol, global product director of collateral solutions at Lombard Risk, said: “This partnership fills a huge gap in the market by enabling true end-to-end collateralisation.”
“The offering helps firms advance their operating models and make operations more intelligent—capturing data, executing transactions and providing visibility faster and more time effectively.”
Robin Moody, global head of SmartDX for Smart Communications, added: “While the industry has invested heavily in manual processing of derivatives documentation, these investments only help to reduce compliance risk.”
“With the announcement of [the] solution, Smart Communications and Lombard Risk have built a unified approach to better scale processes, documents and the relevant data within them to deliver true operational efficiency.”
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