Risk Newsflashes
Landesbank Baden-Wurttenberg Selects Algo Collateral
Landesbank Baden-Wurttenberg (LBBW) selected Algo Collateral from Algorithmics to manage their current and future over-the-counter (OTC) derivatives margining requirements.
LBBW has also licensed Algo Collateral's automated interface to the LeDIS legal-database application, developed in-part by VoB-Service GmbH, a service provider for the German public financial institutions sector that is one of Algorithmics' strategic partners.
"The redevelopment of our capabilities to collateralize OTC derivatives is a strategic initiative to maximize and keep our business lines open, reduce any reliance upon credit lines and ensure better pricing," states Andreas Beck, head of back-office operations at LBBW.
Tweet This