BNY Mellon offers ‘seg-light’ custody model to aid IM prep

Pre-prepared docs would cut unnecessary account fees and reduce risk of trading halts

Seg-light-accounts-kept-on-ice

Bank of New York Mellon is allowing firms caught in the sixth and final phase of the non-cleared margin rules to pre-prepare segregated custody account documents before they are required to post collateral. The service is part of an effort to keep a lid on account fees and reduce the risk of trading halts if relief thresholds are unexpectedly breached.

The vast majority of the 800 firms set to be swept into the regime on September 1 will rely on margin monitoring, which allows counterparties

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: