06 April 2016
Reporter: Drew Nicol

BNY Mellon expands collateral management service

BNY Mellon has introduced a Japanese cross-border solution to enable the use of Japanese government bonds in triparty collateral arrangements.

The launch aims to capitalise on recent regulatory and tax changes and serves to boost liquidity for all forms of Japanese government debt, according to BNY Mellon.

"This enhanced support for clients using Japanese government debt in their collateral management programs showcases the strategy that's driving the growth of our business," said Jim Malgieri, executive vice president and head of collateral management and segregation for BNY Mellon Markets Group.

"We're leveraging collateral-related strengths across BNY Mellon to provide innovative solutions that anticipate and respond to client needs in a changing market environment.

Tony Smith, head of collateral management product for the Asia Pacific in BNY Mellon’s markets group, added: "With more than $100 billion in outstanding balances in Japanese government securities at the end of 2015, we were already a significant source of support for clients using Japanese government bonds as a form of collateral."

BNY Mellon’s collateral management team in Tokyo is led by Toru Hanakaw.

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