The new solution aims to simplify operations and reduce costs for treasurers within investment firms managing cash and foreign exchange transaction.
The hedge fund will utilise Arcesium’s modular Treasury suite to scale its treasury functions and bring new controls into its collateral management workflows.
BNY Mellon predicts its new initiative will help traders predict approximately 40% of settlement failures in Fed-eligible securities.
Increased margin calls and collateral disputes among the reasons why treasury teams faced a crucial role during the COVID-19 crisis and beyond.
The Treasury said it will not implement the SDR from February 2021, but will consider the future approach of the rules to the UK’s own post-trade framework.
The acquisition created a joint global treasury management solution, which has become a key area of modernisation for hedge funds.
The deal marks Microsoft’s first change in custodian in a decade for its $130 billion in assets.
The proposals aim to shift trading activity away from bilateral markets and towards central clearing.