BNY Mellon provides multiple FX capabilities to suit your business needs:
- CNY FX solutions across all China access schemes via our FX Program Trading desks and our Negotiated FX Sales desks in Asia Pacific, London and New York.
- Onshore CNY FX Spot for Bond Connect
- Onshore CNY FX Spot for China Interbank Bond Market (CIBM) Direct via our Shanghai Branch for central banks and sovereign entities
BNY Mellon can help collateralize your Stock Connect and Bond Connect assets for optimal efficiency. We can assist you with cost-effective financing solutions to deliver and ensure optimal collateral allocation and mobility.
BNY Mellon Bond Connect Triparty Solution
BNY Mellon is the first to launch a triparty solution mobilizing Bond Connect assets. This allows triparty clients to utilize their Bond Connect traded assets with their global pool of collateral as support, while conforming to the Bond Connect rules. Key potential benefits include:
- Allow investors to utilize their pool of bond connect assets across 35 markets. This can help to reduce costs of collateral as investors can utilize these in secured financing transactions
- Help investors to optimize global collateral portfolios
- Help reduce operational burden by centralizing secured financing transactions and providing for the securities to be allocated in a ‘closed’ system, allowing independent valuation and risk management