BNY Mellon Wins Patent for Margin Mgmt Process

BNY Mellon (NYSE: BK), the global leader ininvestment management and investment services, has been awarded a patent fromthe United States Patent and Trademark Office for a key process enabling thesecure management of collateral between counterparties via its MarginDIRECT^(SM) service.Margin DIRECT^(SM) was created by BNY Mellon to help clients limit exposure totrading counterparties. The patented Margin DIRECT^(SM) product providescustody and liquidity services for posted margin collateral in counterpartytransactions, offering a strong element of risk mitigation betweencounterparty relationships and helping to facilitate marketplace liquiditythrough the use of a third party custodian.