BNY Mellon updates collateral management platform 03 May 2012New York Reporter: Georgina Lavers
Image: Shutterstock
BNY Mellon is renovating its collateral management platform for institutional clients by introducing an online central messaging service allowing market participants to transmit margin calls, substitution instructions and interest statements electronically.
BNY Mellon will be using AcadiaSoft’s electronic margin call system MarginSphere.
"We recognize the need to help streamline the margin process in a way that is compliant with emerging risk management infrastructures," said James Malgieri, head of global collateral management and securities clearance at BNY Mellon.
"A wave of new regulations is reshaping the over-the-counter derivatives market and our new messaging platform is just one way we are helping our clients prepare" said Scott Linden, managing director of BNY Mellon's global collateral management services business.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 