PRLog (Press Release) –
Apr 16, 2008 – As a result, Fortis Investments is equipped to manage risk and maximise value for both sides of their OTC Derivatives transactions by operating more effectively at a time of rapidly changing trading conditions and increasingly challenging economic conditions.
With over 1600 collateral agreements under management, the collateral desk at Fortis Investments needed a way to simplify the collateralisation process and efficiently expedite the transfer of securities to and from their counterparties. “We are an agile operation that is very customer service driven,” said Paul Winter, Global Head of Derivative Operations for Fortis Investments. “We looked for a system that could offer broad product coverage and selected Lombard Risk’s Colline® as much for its features as for the company’s collateral management expertise and excellent reputation within the market.”
John Wisbey, Lombard Risk CEO, commented, “We are pleased to add Fortis Investments to our portfolio of clients and look forward to a long, productive relationship. We are seeing a marked increase in demand for Colline® among forward-thinking companies such as Fortis Investments, especially as trading balances continue to grow. There has never been a greater need to streamline operational processes to more effectively manage collateral to reduce credit risk - particularly in the area of cross product margining.”
About Colline®
Colline® is the industry’s leading web-based proactive collateral management solution that automates the entire collateral management process to minimize operational risk and make the most of collateralized assets in order to maximize trading strategies. Colline® is the first collateral management solution to deliver client or counterparty direct access to collateral management related information. By offering collateral management self-service, financial service providers can now provide their customers with active control of their asset utilization to mitigate their risk exposures and attain targeted investment returns. COLLINE® was voted as one of the coveted "top 5" automated collateral management solutions in RISK Magazine’s Annual Software Survey for two straight years.
