BNY Mellon said it will provide middle office services that include OTC trade affirmation and confirmation, independent (third-party) valuation, lifecycle event management, portfolio reconciliation, and collateral management and custody.
Derivatives360 global business head Patrick Tadie said BBVA’s decision to choose Derivatives360 for its increasingly sophisticated derivatives servicing needs in Spain and Mexico underlines how we are delivering capabilities from across our whole organization to benefit investors and issuers.
BNY Mellon managing director, head of asset servicing Iberia Cesar Valcarcel said they have expanded their successful relationship with BBVA Asset Management into the derivatives space with Derivatives360. They will support them in respect to credit considerations and product complexity, as well as their emerging needs arising from regulation and on-going industry standardisation.
