AP7 Taps BNY Mellon for OTC Derivatives Support
Swedish state pension fund Sjunde AP-fonden (AP7) is set to use BNY Mellon's DM Edge platform, which provides buy-side firms with derivatives collateral management services.
AP7, based in Stockholm with €8 billion under management, will use the platform in conjunction with BNY's Triparty collateral management and Money Funds offerings to support its equity OTC derivatives trading activities, including processing, reinvestment and valuation.
"BNY Mellon has helped us solve the problem of
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