BNY Mellon Wins Patent for Margin Mgmt Process

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BNY Mellon
BK
, the global leader in investment management and investment services, has been awarded a patent from the United States Patent and Trademark Office for a key process enabling the secure management of collateral between counterparties via its Margin DIRECT^(SM) service. Margin DIRECT^(SM) was created by BNY Mellon to help clients limit exposure to trading counterparties. The patented Margin DIRECT^(SM) product provides custody and liquidity services for posted margin collateral in counterparty transactions, offering a strong element of risk mitigation between counterparty relationships and helping to facilitate marketplace liquidity through the use of a third party custodian.
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