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Mandates: BNY Mellon, State Street
07 December 2011
BNY Mellon wins three mandates while State Street wins one
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BNY Mellon
State Street
LCH.Clearnet, the independent clearing house, has named BNY Mellon as a US collateral custodian with which members and their clients may lodge collateral.
Collateral is lodged by members of a clearing house, with a third party, both at the outset of a trade and thereafter on a daily basis in order to manage market risk and ensure that any variation margin is paid throughout the duration of the trade. As a custodian for...
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