The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, has announced the integration of BNY’s LendingLiteSM service with its new CollateralOne for buy-side platform.
This new platform expands the triparty offering for the buy-side by seamlessly connecting clients to other aspects of BNY’s ecosystem, helping clients efficiently centralize how they manage their collateral and financing activities, while providing the option of opportunistic specials-only lending.
“In today’s complex investment landscape, our clients are looking for comprehensive solutions that simplify securities lending, financing and collateral management,” said Adam Vos, Global Head of Markets at BNY. “With this integration, our buy-side clients can leverage the benefits of engaging in securities lending within a single ecosystem, grounded in BNY’s leadership in triparty collateral management.”
CollateralOne for buy-side is a new integrated platform underpinned by BNY’s optimization capabilities, providing clients with a holistic view of all their BNY assets, liabilities and opportunities in one place. Connecting BNY’s LendingLite service with the CollateralOne for buy-side platform will allow clients to identify those specials and can help generate incremental revenue from lending, without committing to a full-scale securities lending program.
“As one of the world’s largest collateral managers, BNY continues to enhance its offering to meet the evolving collateral and liquidity needs of clients,” added Laide Majiyagbe, Head of Financing and Liquidity at BNY. “CollateralOne for buy-side is yet another example of BNY’s commitment to developing innovative solutions that seamlessly support our clients through every stage of the investment lifecycle.”