BNY Mellon Asset Servicing Enhances Investment Analytics Product Line
August 22 2007 - 7:49AM
PR Newswire (US)
BOSTON, Aug. 22 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing has completed multiple enhancements to its Investment
Analytics product line, which provides institutional investors with
the tools needed to evaluate and oversee a portfolio's performance,
structure, risk exposure, compliance and other key investment
criteria. The enhancements reflect expanded data coverage and
improved data quality in three major areas: sub-prime risk
analytics, fixed income derivatives and short term securities, and
initial public offering (IPO) shares outstanding. "Client
investment strategies and information needs are changing constantly
and we need to make sure their analytical capabilities change, grow
and improve right along with them; so clients are fully armed to
make the right decisions on their portfolio," said Debra Baker,
managing director of Global Product Management. "As the
requirements of this dynamic marketplace continue to evolve, BNY
Mellon Asset Servicing's close partnerships with industry leaders
in the investment analytics space allow us to offer our clients
superior risk models and proven methodologies." Enhancements to the
BNY Mellon Asset Servicing Investment Analytics product line
include: Sub-Prime Risk Analytics -- Given the recent dislocation
in the sub-prime markets, it has become crucial for clients to
capture true sub-prime market risk in their holdings. BNY Mellon
Asset Servicing has worked with its analytical partners to improve
the data available in the Investment Analytics product line,
resulting in improved security and portfolio level statistics.
Building on an already extensive modeling process, with over 40
sensitivities included to calculate key analytics such as Option
Adjusted Duration, Yield and Convexity, a new econometric sub-prime
mortgage model has been added to further quantify risk. Fixed
Income derivatives and short term securities -- Due to increasing
client demand and market trends, BNY Mellon Asset Servicing has
improved coverage of derivatives and short-term securities within
client portfolios. By leveraging internal accounting enhancements
that improve the referential and descriptive data of derivative
instruments, BNY Mellon Asset Servicing now provides analytical
coverage in excess of 97% of its clients fixed income securities.
Improved Initial Public Offering (IPO) shares outstanding coverage
-- A new IPO data product enables BNY Mellon Asset Servicing to
provide clients with shares outstanding information on the first
day of trading. Shares outstanding data will be updated throughout
the IPO's lifecycle and will be available to the clients through
standard reporting. BNY Mellon Asset Servicing offers clients
worldwide a broad spectrum of specialized asset servicing
capabilities, including custody and fund services, securities
lending, performance and analytics, and execution services. BNY
Mellon Asset Servicing provides services through The Bank of New
York, Mellon Bank, N.A. and other related companies. The Bank of
New York Mellon Corporation is a global financial services company
focused on helping clients manage and move their financial assets,
operating in 37 countries and serving more than 100 markets. The
company is a leading provider of financial services for
institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services and treasury services through a
worldwide client-focused team. It has more than $20 trillion in
assets under custody and administration and more than $1 trillion
in assets under management. Additional information is available at
http://www.bnymellon.com/. DATASOURCE: The Bank of New York Mellon
Corporation CONTACT: Mike Dunn of The Bank of New York Mellon
Corporation, +1-212-922-7859, or Web site:
http://www.bnymellon.com/
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