First live lender to use the link
LONDON, April 5, 2013 — BNY Mellon, the global leader in investment management and investment services, has upgraded its AccessEdge collateral management portal via a newly-established link to Pirum's tri-party automation service to enhance clients' ability to manage collateral.
The benefits of the new link include improved intraday visibility of proposed trades, simpler and timelier trade resolution management, and a single unified process for the agreement and communication of trades.
Staffan Ahlner, Managing Director, Global Collateral Services at BNY Mellon, said: “In today's environment we need to take a comprehensive view on all aspects of a financial transaction. Post trade risks and operational risks are important factors when processing trades. Complexity is often added with the need to segregate collateral at a final beneficial ownership level on a timely basis. BNY Mellon is focusing on improving the market efficiencies in this processing cycle. The new link is a step in the overall plan to enhance the connectivity of BNY Mellon's tri-party system to lenders and borrowers.”
BNY Mellon's AccessEdge portal connects dealers with investors, enabling real-time collateral transfers in a secure and efficient environment with respect to repo, securities lending, over-the-counter (OTC), central counterparty (CCP) and other collateralised transactions.
AccessEdge® is BNY Mellon's collateral management portal into RepoEdge®, its collateral management platform, that enables dealers and investors to view tri-party transactions on-line and in real-time.
Global Collateral Services offers a comprehensive suite of capabilities to help our clients address their collateral, liquidity and securities financing needs. As they face evolving global regulations and rapidly changing market requirements, clients can leverage BNY Mellon's products and services to better manage counterparty and market risk in their collateral transactions, engage in more investment opportunities to help maximize their investment returns and access new financing alternatives. BNY Mellon currently services $2 trillion in global collateral (including tri-party repo collateral worldwide) and approximately $100 billion in assets through its Liquidity DIRECT(SM) investment portal, and operates one of the industry's largest securities lending programs, with $3 trillion in lendable assets.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
This press release is issued by The Bank of New York Mellon to members of the financial press and media.
All information and figures source BNY Mellon unless otherwise stated as at December 31, 2012.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818
Branch office: One Canada Square, London E14 5AL
Authorised and regulated in the UK by the Financial Services Authority.