BNY Mellon has introduced an innovative and distinctively Japanese-flavored cross border solution that significantly enhances the company’s service to collateral management clients.
Leveraging in support of collateral management clients the benefit of recent changes in tax and market rules, the service enhancement enables Japanese and non-Japanese institutions to utilize JGBs and other forms of Japanese Government Debt as part of tri-party collateral arrangements.
“This enhanced support for clients using Japanese Government Debt in their collateral management programs showcases the strategy that’s driving the growth of our business,” said Jim Malgieri, Executive Vice President and Head of Collateral Management and Segregation for BNY Mellon Markets Group. “We’re leveraging collateral-related strengths across BNY Mellon to provide innovative solutions that anticipate and respond to client needs in a changing market environment.”
You can read the full story on BNY Mellon’s newsroom: https://www.bnymellon.com/us/en/newsroom/news/company-news/collateral-management-service-enhancement-leverages-japanese-debt-expertise-experience.jsp