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Lombard Risk Mngment (LRM)

Lombard Risk Mngment

Six Contract Wins
Lombard Risk Management PLC
08 January 2007

Lombard Risk Management plc
8th January 2007

                          Lombard Risk Management plc
                        (the 'Group' or 'Lombard Risk')

                              Six Contract Wins

Lombard Risk Management plc, one of the fastest growing companies in the rapidly
expanding area of software and independent valuation for the financial sector,
announces an update on software contracts won in the last quarter of 2006. The
successful negotiation of these contracts underpins the Board's expectation of
50% organic revenue growth for the full year on a like for like basis and the
significant forward momentum communicated in previous RNS announcements.

Colline Collateral Management Software

The Group's subsidiary Lombard Risk Systems has won three contracts for its
collateral management software Colline each worth in excess of GBP100,000 in
their first year :

1. A major US asset management firm
The first contract is with LaCrosse Global Fund Services, part of the Cargill
group. LaCrosse has chosen Colline as part of its core outsourced services
offerings. On 1st January LaCrosse, which has $6bn assets under management, will
begin offering its services to third parties and Black River Asset Management
will be the firm's first client.

2. A German bank
The second Colline contract is with Landwirtschaftliche Rentenbank, a major
banking group with over Euro 77bn of assets, based in Germany.

3. A Portuguese bank
The third contract provides Colline software as a service (an ASP solution) for
a Portuguese bank.

The Group can now confirm that one of the contracts in the first half of the
financial year referred to in the Interim Statement and concluded in September
was for Bank of New York, the world's largest custodian bank, for use in its
outsourced Derivative Margin Management Service. This has already been announced
by Bank of New York itself in a press release 
http://www.bankofny.com/htmlpages/ npr_2006_2330.htm. 
Although initially low in value, the revenue model for this deal means that the 
Group gains more revenue as its customer gains more clients.

In addition the Group can also confirm that the major UK energy supplier
referred to in the RNS of 1st September 2006 was Centrica plc, one of the
leading suppliers of energy and related services across the UK, Europe and North
America, (see announcement at 

Furthermore, the Group has an appreciable pipeline of deals for Colline, several
of which are expected to close in the current quarter.

Demand for collateral management software is being driven by a number of
factors, but principally the expansion in the use of collateral in derivative
markets. This is mainly due to the wish to reduce credit risk in financial
markets and free up credit lines, which in turn is linked to Basel II. Colline's
first to market web based technology and the Group's team of ex collateral
management practitioners are among the reasons why Colline is being selected as
a system of choice.

STB-Reporter Regulatory Reporting Software

The group's subsidiary  STB Systems Ltd has since 1st October won three large
new contracts in the UK for its STB-Reporter regulatory reporting product,
together totalling in excess of GBP 300,000 in the first year. These are with

1. a Japanese Global Financial Services firm in the UK
The first STB-Reporter contract is with Nomura Bank International plc, a UK
subsidiary of the Nomura Group.

2.  a European-based private bank
The second STB-Reporter contract is with Ansbacher & Co, a UK private bank now
owned by Qatar National Bank.

3.  a leading UK consumer finance firm.
The Group has an appreciable pipeline of deals for STB-Reporter including verbal
confirmations of orders, several of which are expected to close in the current
quarter. In addition the firm has won a number of smaller deals in the UK, the
USA, the Middle East and Far East for its regulatory and anti-money laundering

Furthermore the Group can now confirm that one of the deals in the first half of
the financial year referred to in the Interim Statement and concluded in
September was an STB-Reporter contract with Teather & Greenwood, the UK
stockbroker now owned by the Landsbanki Group in Iceland.

STB-Reporter enables these firms to meet their obligations for UK regulatory
reporting under the FSA's rules. Other similar deals are close to being
finalised which implement both Basel II reporting and the FSA's Integrated
Regulatory Reporting requirements in this area.

Lombard Risk's  position in the UK Financial Services Regulatory Market

Lombard Risk, through STB Systems, is the market leader in the U.K. Bank
Regulatory Reporting market with over 140 out of 340 banks in the U.K. and
several investment firms using the STB-Reporter product for regulatory reporting
to the FSA.

Most of the revenue from these deals will be recognised in the current financial


Lombard Risk Management plc
John Wisbey, Chairman & CEO
Tel: +44 20 7384 5000
e: john.wisbey@lombardrisk.com

Noble & Company (Nominated Advisors)
Matthew Hall, Director
Tel: +44 20 7763 2200

Notes to editors

Lombard Risk Management plc is one of the fastest growing companies focused on
software and independent valuation services for the financial industry. Lombard
Risk's software is in the areas of valuation, risk management and regulation.
Lombard Risk's Colline(R) software, which is delivered either as software or as
an ASP service, is a market leader in collateral management. Lombard Risk's
group company STB Systems is the market leader for bank regulatory reporting
software in the UK through the STB-Reporter product. The Group's Oberon(R) and
Firmament(R) software products allow customers to value and manage risk on a
wide variety of financial instruments with a primary focus on interest rate,
credit and foreign exchange derivative and cash markets. The STB-Detector
product is fast establishing itself as a mid-market leader in anti money
laundering and financial crime detection.

Headquartered in London, with offices in New York, Shanghai, Hong Kong,
Singapore and Johannesburg, Lombard Risk's main customer base consists of banks,
investment firms, asset managers, hedge funds and fund administrators, and
energy companies. In the UK Lombard Risk does business with over 40% of the 340
banks that operate in the UK. Internationally Lombard Risk has dealings with
over 20 of the top 50 banks in the world and many of the leading names in the
hedge fund industry.

Lombard Risk's shares were admitted in 2004 to AIM, the London Stock Exchange's
specialist market for growth companies, and have the ticker symbol LRM.

                      This information is provided by RNS
            The company news service from the London Stock Exchange
Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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