Bank of New York Mellon, a global provider of asset management and securities servicing, has expanded DM Edge, its derivatives collateral management service, to cover a wide range of maPARA_BREAK_SENTINEL_9f8e7d6c Bank of New York Mellon, a global provider of asset management and securities servicing, has expanded DM Edge, its derivatives collateral management service, to cover a wide range of margin-related activities, including repo and securities lending. DM Edge facilitates for clients the administrative, processing, reinvestment and valuation activities associated with posting and receiving collateral in a tri-party structure for over-the-counter derivatives trades. The new services, which will be marketed under the brand name RM Edge, allow clients who trade bilaterally to outsource margin management to The Bank of New York Mellon. The company will handle a variety of operational and administrative activities, such as monitoring margin parameters and calculating margin status, helping clients to reuse and reinvest their collateral pools. 'As market dynamics change, institutional investors will need to rely on more sophisticated services to reduce risk as well as enhance performance of their assets and we will continue to be the company that meets those needs.'
'We have developed state-of-the-art web interfaces for easy access to intra-day calculations, a wide selection of reports, and real-time data margin position updates, all of which help our clients to mitigate credit risk and maximise the use of their collateral,' says Art Certosimo, executive vice-president and head of broker-dealer and alternative investment services (pictured).
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