CASE STUDY: BNY MELLON

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com.


THE EQUILEND SOLUTION

BNY Mellon’s initial interest in EquiLend was to implement AutoBorrow services to complement its global trading business and enhance its post trade Contract, Billing, and Marks Comparison services. We’ve since increased our AutoBorrow volume by well over 100% and have been able to utilize auto-lending in all markets and asset classes, having the tools to keep pace as loan volumes increase.

EquiLend has therefore become a vital distribution channel for BNY Mellon’s vast supply of securities. With our recent build out of straight through processing for Trade2O, we look to increase our efficiencies and volume. Equilend’s flexibility and scalability will allow us to continue to increase usage and coverage through growing our current counterparties on the platform, complementing our goal to increase our international equity lending business.


“With Equilend’s flexibility and scalability, we will continue to increase usage of the trading and post trade services that we use on the platform which will add to our global distribution capabilities.”

- James Slater, Global Head of Securities Lending, BNY Mellon

BNY MELLON USES

AutoBorrow

AutoBorrow

Automated low-touch securities finance trading between lenders and borrowers.

Billing Comparison

Billing Comparison

Offers a monthly payable and receivable comparison, with a direct link to contract-level day-by-day detail.

Contract Comparison

Contract Comparison

A standardized process that identifies true breaks, improves risk management, and increases operational efficiency.

Dividend Comparison

Dividend Comparison

Dividend Comparison allows for the comparison of manufactured dividend claims.

Mark-To-Market Comparison

Mark-to-Market Comparison

Allows users to compare marks using customizable tolerances that can be adjusted based on collateral currency and mark amount.

Recalls

Recalls

Offers lenders and borrowers a simple way to issue and manage recalls (ARMS, US only).

Trade 2 O

Trade2O

A front-end trading system for traders to borrow and lend all types of securities through the EquiLend platform.

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