BNY Mellon to Offer Tri-Party Collateral Mgmt Services for CME Clearing Europe
BNY Mellon (NYSE: BK), the global leader in investment management and investment services, has been appointed to provide tri-party collateral management services for CME Clearing Europe, the European multi asset class clearing house, to provide a comprehensive collateral service supporting buy-side, sell-side and clearing houses.
Services will be provided through MarginEdge™, BNY Mellon's comprehensive derivatives margin management service for listed, OTC and bi-lateral OTC derivatives. MarginEdge™ provides clients, clearing members and central counterparties (CCPs) with real-time views on location and positions in respect of margins and collateral.
Following CME Clearing Europe receiving regulatory approval of the new tri-party agreement for clearing members' business, those members will be able to manage collateral through BNY Mellon.
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