NEW YORK and LONDON, Dec. 4, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, is enhancing its AccessEdge portal via a new link with Bloomberg to help clients further optimise their collateral management.
BNY Mellon's AccessEdge portal connects dealers with investors, enabling real-time collateral transfers for repurchase agreements (repos), securities lending, over-the-counter (OTC), central counterparty (CCP) and other collateralised transactions in a secure and efficient environment.
The connectivity allows collateral receivers and providers to instruct collateral trades from the Bloomberg Professional service. By leveraging Bloomberg's straight-through processing (STP) services, AccessEdge enables clients to consolidate multiple deal confirmations into a single group instruction to facilitate greater post-trade efficiencies. The link will only be available to BNY Mellon's clients outside the US.
Staffan Ahlner, managing director, Global Collateral Services at BNY Mellon, said: "The big attraction of this connectivity for our clients is to reduce post trade risks and improve the post trade efficiency. It will help them grow their business more efficiently in all securities finance markets, while minimising their investment in back-office infrastructure and technology. We will continue to invest in technology and infrastructure to offer our clients secure and innovative ways of managing the growing collateral universe."
Clients can now submit Automated Deal Matching (ADM) instructions for either, all or some of their trades on AccessEdge. ADM allows participants to input, monitor and view trade matching statuses on both a real-time and online basis. Based on the desired parameters, a deal can either be matched, unmatched or mismatched. The enhancement represents further innovation from BNY Mellon's Collateral Universe(SM), the company's suite of second generation collateral management capabilities and solutions, designed to help buy-side clients manage the impact of regulatory change on their investment processes.
Notes to editors:
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 35 countries and more than 100 markets. As of September 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration and $1.5 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 September 30, 2013.
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. The Bank of New York Mellon is supervised and regulated by the New York State Department of Financial Services and the Federal Reserve and authorised by the Prudential Regulation Authority. The Bank of New York Mellon London branch is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.
SOURCE The Bank of New York Mellon Corporation