Email Contact Phone Company Visit Website

Location Head Office

160 Queen Victoria Street
London
GB

Telephone

0207 1633456

Contact

mark mh higgins
[email protected]
Back to all BNY Mellon announcements

BNY Mellon enhances AccessEdge collateral management portal

New Bloomberg link facilitates pre-matching and reconciliation of trades

BNY Mellon, the global leader in investment management and investment services, is enhancing its AccessEdge portal via a new link with Bloomberg to help clients further optimise their collateral management.

BNY Mellon's AccessEdge portal connects dealers with investors, enabling real-time collateral transfers for repurchase agreements (repos), securities lending, over-the-counter (OTC), central counterparty (CCP) and other collateralised transactions in a secure and efficient environment.

The connectivity allows collateral receivers and providers to instruct collateral trades from the Bloomberg Professional service. By leveraging Bloomberg's straight-through processing (STP) services, AccessEdge enables clients to consolidate multiple deal confirmations into a single group instruction to facilitate greater post-trade efficiencies. The link will only be available to BNY Mellon's clients outside the US.

Staffan Ahlner, managing director, Global Collateral Services at BNY Mellon, said: "The big attraction of this connectivity for our clients is to reduce post trade risks and improve the post trade efficiency. It will help them grow their business more efficiently in all securities finance markets, while minimising their investment in back-office infrastructure and technology. We will continue to invest in technology and infrastructure to offer our clients secure and innovative ways of managing the growing collateral universe."

Clients can now submit Automated Deal Matching (ADM) instructions for either, all or some of their trades on AccessEdge. ADM allows participants to input, monitor and view trade matching statuses on both a real-time and online basis. Based on the desired parameters, a deal can either be matched, unmatched or mismatched. The enhancement represents further innovation from BNY Mellon's Collateral Universe(SM), the company's suite of second generation collateral management capabilities and solutions, designed to help buy-side clients manage the impact of regulatory change on their investment processes.

Global Collateral Services offers a comprehensive suite of capabilities to help our clients address their collateral, liquidity and securities financing needs. As they face evolving global regulations and rapidly changing market requirements, clients can leverage BNY Mellon's products and services to better manage counterparty and market risk in their collateral transactions, engage in more investment opportunities to help maximize their investment returns and access new financing alternatives. BNY Mellon currently services $2 trillion in global collateral (including tri-party repo collateral worldwide) and approximately $100 billion in assets through its Liquidity DIRECT SM investment portal, and operates one of the industry's largest securities lending programs, with $3 trillion in lendable assets.