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Bank of New York Mellon launches money market investment portal

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Bank of New York Mellon has announced the launch of Liquidity Direct, a money market investment portal designed to help institutional investors maximise liquidity and mitigate counterpa

Bank of New York Mellon has announced the launch of Liquidity Direct, a money market investment portal designed to help institutional investors maximise liquidity and mitigate counterparty risk in an uncertain credit environment.

Liquidity Direct unites MoneyFunds Direct and Liquidity Management Services, the institutional liquidity platforms offered by Bank of New York and Mellon Financial Markets, creating a single investment portal that provides access to a broad array of money market instruments.

Through the portal, institutions can access a wide range of money market funds, invest directly in individual money market securities, and safe-keep margin balances.

The portal enables clients to access a suite of liquidity management services that can be used individually or seamlessly integrated into a comprehensive cash management solution.

MoneyFunds Direct offers a wide range of money market funds managed by what the firm says are some of the best known names in the investment industry. The funds are managed to provide daily liquidity while preserving capital and maximizing yield.

Securities Direct provides access through SEC-registered broker-dealer BNY Mellon Capital Markets to a wide range of individual money market securities, including commercial paper, US treasuries, discount notes and certificates of deposit.

Margin Direct provides safekeeping for posted margin balances away from an institution’s over-the-counter derivative trading counterparties, thereby reducing the institution’s risk exposure. Margin assets are targeted for investment through MoneyFunds Direct.

"Clients have always been focused on liquidity, cash flow and their short-term investment needs, but liquidity and investment uncertainties have become critical concerns in these challenging economic times," says Jonathan Spirgel, managing director and global head of liquidity services at Bank of New York Mellon.

"Liquidity Direct reflects our commitment to helping our clients succeed in this environment. Institutional investors need access to resources that measure up to prevailing market conditions, and Liquidity Direct can serve as a single, complete solution for money market investments, margin positioning and account data.’

Transactions conducted through the Liquidity Direct’s investment portal are posted in real time; multiple holdings are included in a single report; and data is archived for extended periods.

The portal also allows for straight-through-processing, which provides clients with quick access to their cash and customized account monitoring, which enables clients to limit risk exposure and minimize fund-specific credit concerns.

It is managed by the liquidity services group at The Bank of New York Mellon and is being offered to clients from across the bank’s various business lines, including treasury services, asset management, issuer services and asset servicing.

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