Malaysia has become a new market for BNY Mellon’s International Collateral Management platform.
The expansion aims to unlock Malaysian equities and fixed income instruments for use as eligible collateral under the firm’s standard pledge arrangements for English and Belgian law, with the first trade expected to be executed in Q1 2023.
By expanding into Malaysia, BNY Mellon says it will broaden the firm’s capacity and builds on recent successes including triparty platform Stock Connect and Bond Connect.
The firm says it is working to enhance its platform and enable clients to use assets across locations and venues, with a key focus on resiliency, digital enablement and market connectivity.
In terms of market connectivity, BNY Mellon plans to assess how it can connect clients to new venues and markets.
In challenging market conditions, clients look to maximise the use of assets on their balance sheet, the firm says.
With growing balances in markets such as Malaysia, there was increased demand for efficient secured financing solutions, according to BNY Mellon.
