BNY Mellon has facilitated better investor utilisation of Chinese fixed income assets following the introduction of the bonds as eligible collateral on BNY Mellon’s triparty platform through Hong Kong’s Bond Connect. BNY Mellon’s new solution enables clients to deploy these assets as collateral. Once the assets are within the bank’s triparty platform, clients can use the securities as collateral in transactions with counterparties globally. In the first trade, BNY Mellon accessed a broker-dealer client’s bonds, which were under custody at HSBC, enabling the client to use the collateral for financing and other purposes.
