Munich Re’s asset management arm MEAG announced on LinkedIn that it’s set up to collateralize securities lending transactions via triparty agents Euroclear and BNY Mellon. This move comes as the market embraces triparty collateral systems, offering flexible and optimized collateral solutions for securities lending.
“By transitioning to Tri-Party Collateral Management, we are unlocking remarkable efficiency gains through enhanced automation. Simultaneously, this allows us to explore additional revenue streams, expand business volume, and minimize operational risks,” MEAG wrote.
The project was initiated by members of MEAG’s multi-asset trading team Elke Wenzler and Benjamin Flierl.