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.

 

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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.”

 

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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.”