BNY Mellon, the asset management and securities servicing, has been selected to provide derivatives collateral management services via its DM Edge platform to Ikano Fund Management, the Luxembourg based investment manager.
DM Edge facilitates for clients the administrative, processing, reinvestment and valuation activities associated with posting and receiving collateral for over-the-counter derivative transactions.
We selected BNY Mellon as our collateral management partner as the DM Edge platform is technically superior to its rivals with good reporting functions and the general flexibility that we need, says Claus Thulstrup, chief operating officer Ikano Fund Management S.A. The companys collateral management team has a good understanding of the derivatives business and we look forward to working with them to help minimise counterparty exposure for our clients.
Our DM Edge platform provides clients with a technically advanced scalable solution which helps clients maximise the use of their derivatives margin as well as reducing their risk profile, says Art Certosimo, senior executive vice president and chief executive officer of Broker-Dealer Services and Alternative Investment Services at BNY Mellon.
BNY Mellon is the second largest provider of outsourced derivatives collateral management services globally. It is the leading provider of tri-party collateral management services, servicing more than USD 1.8 trillion in tri-party balances worldwide. BNY Mellon collateral management services ranked #1 in 2008 by Global Custodian and International Securities Finance magazine.
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