LONDON, June 1, 2010 — BNY Mellon, the global leader in asset management and securities servicing, is to provide derivatives collateral management services to the German investment management industry, via its DM Edge platform.

DM Edge is a comprehensive derivatives margin management service allowing customization of the margin and collateral process which incorporates the processing, reinvestment and valuation activities associated with posting and receiving collateral for OTC derivative transactions.

Jim Malgieri, CEO of Broker-Dealer Services at BNY Mellon, said: "More German funds now require collateral to be put in place with related swaps and the capacity to support multiple funds with different sub custodians is an important feature of the German market. DM Edge provides a valuable service to asset managers by delivering a scalable solution and providing clients with confidence in their ability to control the margin management process. We look forward to working closely with investment managers in Germany, supporting their collateral management function and helping to bring in further fund client business to assist the growth of their operations."

WestLB Mellon Asset Management, a joint venture between WestLB Asset Management and BNY Mellon, is the first German asset manager to begin to use these services. WestLB Mellon manages a large number of different funds with different custodians and therefore chose to a solution that could deliver the depth, breadth and flexibility of collateral management services for their operations, particularly in multiple depobanks/custodians.

WestLB Mellon Asset Management is a 50:50 joint venture formed in April 2006 between WestLB AG and The Bank of New York Mellon. WestLB Mellon has $30.9bn in assets under management, with special expertise in the management of European Fixed income and equity products.

BNY Mellon is the second largest provider of outsourced derivatives collateral management services globally. It is the leading provider of tri-party collateral management services, servicing more than $1.5 trillion in tri-party balances worldwide. BNY Mellon's collateral management services ranked #1 in 2009 by Global Custodian and International Securities Finance magazine.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon 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, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.

This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source The Bank of New York Mellon as at 30 March 2010 unless otherwise stated.
The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818
Branch office: One Canada Square, London E14 5AL
Authorised and regulated in the UK by the Financial Services Authority.