To reduce risk and increase efficiency in the complex derivatives collateral management process market participants use BNY Mellon’s technology through MarginEdge.
The company said the new service will help segregate assets, support transformation services, optimize the use and allocation of collateral, consolidate margin management across collateral locations and providers, and simplify connectivity among market participants for margin movements.
BNY Mellon Broker-Dealer Services global head of product management and strategy John Vinci said that global regulatory reforms are driving profound changes in the derivatives markets, making operational efficiencies, risk reduction and increased transparency the critical components in any derivatives margin process.
"MarginEdge helps market participants navigate the challenge of managing the costs and operational complexities linked to regulatory changes while meeting their required financial performance and goals," added Vinci.
