12/01/03
Innovative Portal Enhances Access for Global Collateral Management Clients
NEW YORK, N.Y., December 1, 2003 - The Bank of New York today announced the implementation of AccessEdgeSM, a browser-based portal that will serve as a client interface to RepoEdge®, the Bank’s proprietary global collateral management system.
Art Certosimo, senior vice president and head of broker dealer services at The Bank of New York, said,"AccessEdgeSM is part of our ongoing effort to offer our clients innovative solutions to their business challenges. With AccessEdgeSM, clients will be able to view their tri-party activity on a real-time basis, including deal transactions, collateralization status, and collateral details. AccessEdgeSM also provides a message service through which The Bank of New York can broadcast messages about its tri-party program. This portal demonstrates our commitment to expanding our leadership position in the global collateral management arena."
Powered by RepoEdge®, The Bank of New York offers clients a market-leading global platform for their cross-border needs. With real-time links into The Federal Reserve Bank, Depositary Trust Clearing Corporation and Euroclear, The Bank of New York is uniquely positioned to provide integrated servicing of both global fixed income and equity holdings of its broker-dealer clients.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries. The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global corporations, financial institutions, asset managers, governments, non-profit organizations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.
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