BNY Mellon and Pirum team up on tri-party collateral automation

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.

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