BNY Mellon has enhanced its loan administration functionality with an automated solution that offers its hedge funds and fund of hedge fund clients more transparency.
Combining the capabilities of BNY Mellon Alternative Investment Services and BNY Mellon Corporate Trust, the service provides an end-to-end administrative solution from re-settlement to post-settlement services.
BNY Mellon says clients will have access to straight-through processing for trade instructions, security master creation, cash flows and loan specific information. As a result, their syndicated loan portfolio will become more transparent.
“We service over $400 billion (€304 billion) in loans and this new service extends access to our market leading position to our hedge fund clients,” says Debra Baker, head of US financial institutions, BNY Mellon Corporate Trust.
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