BNY Mellon, a global leader in investment management and investment services, has launched an upgrade to its AccessEdge collateral management portal, providing broker-dealers and institutional investors with improved online access to the status of their transactions.
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, OTC, central counterparty (CCP) and other collateralised transactions.
The latest in an ongoing series of planned enhancements, the new upgrade means BNY Mellon's global clients can now more easily view their collateralised status in real-time via an interactive dashboard. The dashboard displays a client's aggregate collateral exposure, including the number of unmatched, mismatched or instructions currently open.
Users can also view the details of collateral positions and substituted cash collateral, as well as margin excesses and deficits.
James Malgieri, Executive Vice President, Global Collateral Services at BNY Mellon, said: "The enhancements to our AccessEdge portal make viewing collateral positions simpler and clearer, increasing transparency for our clients and helping them to make optimal use of the collateral and assets at their disposal. We have proven global capabilities when it comes to servicing our clients' collateral management needs and we continue to innovate and invest in the technology to support those capabilities. This latest evolution of AccessEdge demonstrates our commitment to supporting our clients as the regulatory environment continues to develop."
BNY Mellon is the world's largest global custodian with $27.1 trillion in assets under custody and administration and manages over $1.8 trillion in collateral transactions every day.