|
Credit Risk - Lexington partners with Allustra in
Collateral Management |
|
The last decade has amply demonstrated the growing size and frequency of financial crises, from the economic problems of Asia and Russia, to the failure of Long Term Capital Management and more recently, WorldCom and Enron. Collateralisation is now a key component of the global interbank market, protecting against potential losses from similar situations by mitigating counterparty risk. Reduction of regulatory capital requirements, more competitive pricing of credit risk and improved access to market liquidity continue to be important additional drivers. According to ISDA, technology requirements are increasing in
cost and complexity as the extent of collateral in use grows globally.
Spreadsheets offer limited capabilities and custom built systems are too
costly and time consuming for most participants to consider. The vendor
market is sparsely represented, largely through systems designed to meet
specific tactical needs. There has been a gap in the market for a scalable,
strategic technology solution which can grow with an organisation's need
towards the ultimate goal of "enterprise collateral management". Lexington and Allustra Limited
are now working together to ensure that this gap is being filled.
Allustra has developed a highly flexible and configurable product suite encompassing components which meet these needs, built upon experience and industry proven implementations. Lexington complements this with a full range of technical, integration, project management and risk management consulting services to ensure that the needs of any client organisation will be met. |
Also see:
|
|
© Lexington Systems Limited 2006 |
|
|