Global investments company BNY Mellon announced today the launch of a new capability for its electronic collateral schedule manager, RULE, enabling the incorporation of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More factors into clients’ collateral negotiations and decisions.
BNY’s RULE enables collateral providers and receivers to negotiate collateral schedules, and establish which assets each party is willing to accept as collateral in real time. With the new capabilities, collateral receivers and providers can agree that only securities with a certain ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More rating are acceptable as collateral.
The functionality for the ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More capabilities is drawn from MSCI ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Ratings through BNY Mellon’s ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Data Analytics platform, assigning securities with an environmentalEnvironmental criteria consider how a company performs as a steward of nature. More score, a socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More score and a governanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. More score, and aggregates them into a final ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More letter rating, from AAA to CCC. According to BNY Mellon, over time the company expects to add more data sources into ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Data Analytics.
Brian Ruane, CEO of Government Securities Clearing Corp., Clearance & Collateral Management and Credit Services at BNY Mellon, said:
“Rolling out this capability takes RULE, a proven technology that has already transformed the process of negotiating collateral schedules, and expands it into a very crucial and topical area of focus for the industry. Now, through the incorporation of capabilities from ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More Data Analytics, a client can bring their ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More priorities into negotiations around acceptable collateral, adding an entirely new dimension of utility to the platform.”
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