Liquidity management tool to provide institutional investors with notification of exclusive control and termination, attachment capability.
Investment services provider BNY Mellon has announced enhancements to the notification capabilities included in its Margin Direct liquidity management tool, which combines the bank's previous client-facing custody and liquidity products.
Aimed at institutional investors looking to separate pledged collateral balances from counterparties, Margin Direct's enhanced communication tools, included in the online users' portal, will allow real-time electronic notification of events like notices of exclusive control and termination, as well as secure sending of attachments with those notifications to selected individuals.
For the bank, the enhancements are necessary as more products become collateralized and cleared under regulation.
"It's essential to anticipate client needs, and post Dodd–Frank demand for segregation of collateral and margin services will continue to grow. Our Margin Direct product is a technological solution that builds on our custodial and liquidity services and … meets these clients needs head on," says Jonathan Spirgel, executive vice president and head of liquidity services for BNY Mellon.
More from Buy Side Technology
Updating your subscription status
Work with us on your Integrated Marketing Campaigns
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.
16 Sep 2014
07 Oct 2014
14 Oct 2014
14 Oct 2014
20 Oct 2014
03 Nov 2014
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...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....