BNY Mellon expand collateral management platform 15 September 2022Indonesia Reporter: Lucy Carter
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BNY Mellon has expanded its International Collateral Management platform, adding support for Indonesia to its existing network.
The expansion is part of BNY Mellon’s planned growth in the APAC region, with solutions to be developed in Malaysia and Taiwan.
Collateral management supports risk management for secured financing transactions, allowing assets to be used for collateral purposes.
The development follows BNY Mellon’s launch of its new User Interface earlier this year, which allows clients to view their total collateral sources and uses, while accessing all solutions in a single ecosystem.
Brian Ruane, CEO of BNY Mellon Government Securities Services Corporation and Clearance & Collateral Management, says: “This is an example of BNY Mellon's strategy of connecting to new markets and new central counterparties, allowing our clients to mobilise collateral across our global platform.”
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