To provide derivatives collateral management services via its DM Edge platform
Bank of New York Mellon has been selected to provide derivatives collateral management services via its DM Edge platform to Ikano Fund Management, the Luxembourg-based investment manager.
Reportedly, the DM Edge facilitates for clients the administrative, processing, reinvestment and valuation activities associated with posting and receiving collateral for over-the-counter derivative transactions.
Claus Thulstrup, chief operating officer of Ikano Fund Management, said: “The company’s collateral management team has a good understanding of the derivatives business and we look forward to working with them to help minimise counterparty exposure for our clients.”
Art Certosimo, senior executive vice president and CEO of broker-dealer services and alternative investment services at BNY Mellon, said: “Our DM Edge platform provides clients with a technically advanced scalable solution which helps clients maximise the use of their derivatives margin as well as reducing their risk profile.”