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The Board of Trade Clearing Corporation and The Bank of New York are pleased to announce the launch of a Joint Collateral Management program. This program allows participants to utilize The Bank of New York’s collateral management systems to satisfy their Clearing Corporation margin requirements. Participants in the program will be able to freely trade the collateral allocated to accounts at The Bank of New York with no Clearing Corporation interaction. Participants will continue to have the ability to deposit collateral in multiple locations, and the business process for collateral held outside of the Joint Collateral Management program will remain unchanged. The program will initially be limited to Treasury securities, but expansion to other security types is anticipated. Participation requires the execution of a tri-party agreement between the clearing member, the Clearing Corporation, and the Bank of New York. Contact David Thome at 312-786-5702 for more information. Should you have any questions, please call or e-mail one of the following Business Systems Analysts:
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