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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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