Lombard Risk Management Extends Contract With Tier 1 German Bank

Tom Burroughes

23 September 2011

Lombard Risk Management, which provides collateral management, liquidity, regulatory and other reporting tools for financial institutions, has signed off on a major contract extension with a Tier 1 German bank for its use of the COLLINE service. The identity of the bank was undisclosed.

The contract is expected to generate around £1 million ($1.6 million) in revenues in the first two years and contribute in subsequent years, Lombard Risk Management said in a statement.

Lombard Risk Management said the extension of the contract helps its client to better meet tighter regulatory requirements as set by legislation such as the US Dodd-Frank Act.