BNY has combined its LendingLiteSM service with a new collateral offering, creating a buy-side platform with an expanded triparty service.
Named CollateralOne, the new platform expands the triparty offering for the buy-side by connecting clients to other aspects of BNY’s ecosystem, helping them centralise how they manage their collateral and financing activities, while providing the option of opportunistic specials-only lending.
Speaking to The TRADE, Laide Majiyagbe, head of financing and liquidity at BNY, explained: “CollateralOne seamlessly delivers collateral, financing, and liquidity management to our clients in a single place. It is the outcome of our continued focus at BNY to be more for our clients.
“In our pursuit of this, we actively seek new ways to bring more of our institution to clients and to deliver innovative solutions that meet their evolving needs.”
BNY said CollateralOne provides clients with a holistic view of all their assets, liabilities and opportunities in one place.
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Adam Vos, global head of Markets at BNY, explained that the move had come in response to client demand: “In today’s complex investment landscape, our clients are looking for comprehensive solutions that simplify securities lending, financing and collateral management.
“With this integration, our buy-side clients can leverage the benefits of engaging in securities lending within a single ecosystem, grounded in BNY’s leadership in triparty collateral management.”