BNY Mellon has launched a series of new services to boost the operations and systems that support its tri-party repo clients. The new services rolled out are designed to support the Tri-Party Infrastructure Reform Task Force Recommendations.
The lender has already unveiled an auto cash substitution capability for securities issued by both the Federal Reserve and Depository Trust & Clearing Corporation. Through Auto Collateral Request and Auto Collateral Exchange, BNY Mellon retrieves only those securities required for the settlement of trades.
Click here for the release from PR Newswire.