August 26, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — SEI (NASDAQ: SEIC) said that it has expanded its middle office outsourcing services to include collateral management for OTC derivatives. The company said that the service provides its asset manager clients with a more automated, controlled, and independent method by which to manage their counterparty exposure.

SEI said that, in the wake of market volatility, managers are looking for a more consistent and transparent process to provide enhanced control over credit risks and actively manage exposure levels, asset utilization, and counterparty risk.

As part of this solution, SEI will perform the daily collateral management functions on behalf of its clients, including managing and electronically storing legal agreements; calculating and communicating calls, recalls, and releases; issue resolution; and calculating and notifying interest on collateral.

SEI has also entered into a strategic partnership with Lombard Risk, a provider of collateral management, to integrate its Colline system into SEI's hedge fund platform. The system offers an automated workflow that provides a consolidated view of daily deliverables, facilitates communication, and approvals between SEI and its clients, and improves transparency by tracking assets during the workflow process.

Pennsylvania-based SEI is a provider of outsourced asset management, investment processing and investment operations solutions.

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