23 August 2017
Visit http://response.ncr.com

Bank of New York introduces collateral management programme

27 January 2003  |  3014 views  |  0 Bank of New York introduces collateral management programme

The Bank of New York has rolled out a service which automatically pools and allocates collateral according to client need.

The approach, which the bank has dubbed dynamic continuous optimisation (DCO), uses a proprietary algorithm to optimally allocate a client's available collateral to satisfy its obligations.

The process, which can be tailored on a client-by-client basis to adhere to business or relationship parameters that may apply to an account, ensures that each security is optimally utilised, relative to all other available securities, even as the pool of available collateral changes throughout the day.

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

CSFB agrees $2 billion Pershing sale to Bank of New York

CSFB agrees $2 billion Pershing sale to Bank of New York

08 January 2003  |  3813 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.niceactimize.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12838 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11458 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10645 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10581 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10500 views 0 | 6 tweets | 1 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job