• inside_market_data
  • inside_reference_data
  • buy_side_technology
  • sell_side_technology
Bank of New York Mellon on Wall Street
Photo: Kathy Alys

BNY Mellon Adds MarginSphere for Collateral Management

  • Send
  • Comment
  • Send to Kindle

The bank will integrate the messaging solution from AcadiaSoft into its platform for institutions' collateral management.

Global custodian BNY Mellon announced its collateral management platform offered to institutional clients will now include a central messaging service—connected through AcadiaSoft's MarginSphere margin call system— that will allow clients to electronically send margin calls, substitution instructions and interest statements.

With the move, BNY joins eight other large financial institutions that have chosen MarginSphere since the service's inception.

The service, offered through BNY's Derivatives360 business, will enable market participants to communicate information about exposures and commitments securely and in real-time, as well as produce audit trails—reducing operational risk and increasing transparency as new regulations are coming into force globally, the bank says.

"We recognize the need to help streamline the margin process in a way that is compliant with emerging risk management infrastructures. The new service automates collateral communications with counterparties and provides secure electronic management of margin calls, substitutions, and interest statement processing," says James Malgieri, head of global collateral management and securities clearance at BNY Mellon.

  • Send
  • Comment
  • Send to Kindle

More from Buy Side Technology

Sign-up for WatersTechnology email newsletters

Register for regular alerts to receive up-to-date news directly into your inbox

Related Articles

Latest Media

Events

Visitor comments Add your comment

  

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions Your comment will be moderated before publication

Submit your comment

Work with us on your Integrated Marketing Campaigns

Do you have bespoke research requirements?

WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.

waterstechnology-marketing-options

Events

Training

Latest Whitepapers

waters-equinix-whitepaper-may2014

Tackling Teething Troubles: Examining the Current State of the OTC Derivatives Market

The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...

eagle-whitepaper-jan2014

A data-centric approach to portfolio management

A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....