18 July 2018
Visit www.gemalto.com

CME introduces BoNY collateral management programme

20 August 2002  |  4262 views  |  0 CME introduces BoNY collateral management programme

The Bank Of New York and Chicago Mercantile Exchange (CME) have introduced a new collateral management programme which expands the range of collateral that CME members can use to satisfy margin requirements.

Using the system, CME clearing members will be able to achieve straight-through processing, maximise their use of collateral and gain new collateral flexibility, says BoNY.

The programme is based on the Bank of New York's proprietary collateral management system, RepoEdge, and experience in collateral pricing. In addition, CME clearing members will maintain the ability to deposit collateral at other custodians.

Art Certosimo, senior vice president and head of the broker/dealer services division at the Bank of New York says: "CME participants will, for the first time, be able to easily substitute collateral to meet changing market needs, in addition to using a broader array of collateral."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

JPMorgan Chase revises BoNY outsourcing agreement

JPMorgan Chase revises BoNY outsourcing agreement

09 August 2002  |  6104 views  |  0 comments
Chicago Mercantile Exchange to launch new market data feed

Chicago Mercantile Exchange to launch new market data feed

03 July 2002  |  3386 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9777 views comments | 5 tweets | 14 linkedin
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
9526 views comments | 3 tweets | 7 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9327 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8545 views 19 comments | 14 tweets | 30 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
8025 views comments | 1 tweets | 5 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job