BNY Mellon launches AccessEdge upgrade
BNY Mellon has launched an upgrade to its AccessEdge collateral management portal, providing broker-dealers and institutional investors with improved online access to the status of their transactions.
AccessEdge portal connects dealers with investors, enabling real-time collateral transfers regarding repo, securities lending, OTC, central counterparty (CCP) and other collateralised transactions.
The upgrade means BNY Mellon’s global clients can now more easily view their collateralised status in real-time via an interactive dashboard. The dashboard displays a client’s aggregate collateral exposure, including the number of unmatched, mismatched or instructions currently open. Other details shown include collateral positions and substituted cash collateral, and margin excesses and deficits.
James Malgieri, executive vice president Global Collateral Services at BNY Mellon, said: “The enhancements to our AccessEdge portal make viewing collateral positions simpler and clearer, increasing transparency for our clients and helping them to make optimal use of the collateral and assets at their disposal. We have proven global capabilities when it comes to servicing our clients’ collateral management needs and we continue to innovate and invest in the technology to support those capabilities.”