BNY Mellon has made improvements to its derivatives collateral servicing platform for institutional clients with new margin management capabilities delivered through a secure web-based portal as part of the companys derivatives margin management service, DM Edge.
“Given the growth and complexity of the derivatives collateral management process, it is imperative we provide clients with a clear, real-time window into reviewing and approving their collateral agreements, margin calls and settlements, says Scott Linden, managing director and product manager for DM Edge at BNY Mellon. Our new portal, DM Edge Connect, does that and more. In addition, with our new capabilities, we are well positioned to accommodate the requirements that will emerge in a centrally cleared environment, as well as the changes resulting from global regulatory reforms.”
BNY Mellon has partnered with Algorithmics to help introduce these changes.
BNY Mellon’s DM Edge service is part of the company’s Derivatives360 suite of services, which comprises offerings for issuers and investors around the execution and processing of derivatives.
“Our new margin management capabilities have been well-received by our clients who are increasingly turning to BNY Mellon to handle their derivatives servicing needs,” says Patrick Tadie, global business head for Derivatives360. “The range of services we can deliver to investors and issuers highlights the power of harnessing and delivering capabilities from across our entire company.”
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