Global Prime Brokerage Solutions

Transcription

1 Global Prime Brokerage Solutions Customized For Your Mutual Fund Your Business Without Limits

2 Pershing Prime Services Resources as Expansive as Your Needs Working with Pershing Prime Services, you can leverage the scale and resources of BNY Mellon to help your business succeed. An Integrated Prime Brokerage and Bank Custodian Solution BNY Mellon s Asset Servicing, Administration and Collateral Management groups, along with Pershing Prime Services, deliver a unique, industry-leading tri-party custody account solution. Our seamless, integrated platform provides access to securities lending, execution, custody services, and all servicing and financing functions needed to manage 40 Act funds and eligible pension funds. Our comprehensive tri-party custody account solution includes: > Dedicated customer service from a team with extensive market, operational and trading expertise, with a platform that allows for multiple execution alternatives, facilitates short sales and offers a consolidated view of transactions. > Cash Management, our platform helps make cash management flexible and efficient, with seamless processes and integrated front-end interfaces for purchases and redemptions. > Execution, which is offered in partnership with Pershing s Trading Services, across domestic and international equity and fixed income products. Our execution capabilities includes multiple routes that include direct coverage; Direct Market Access (DMA) platforms, such as Neovest; and access through partners, including BNY ConvergEx. > BNY Mellon s custody services which includes fund administration, accounting and corporate custody services featuring streamlined documentation processes, account setup and implementation. 1 As of June 30, 2010 Financing Solutions BNY Mellon offers a choice of financing alternatives across multiple asset classes to help you achieve your investment objectives. We work closely with our credit risk team to provide you with leverage that fits within appropriate regulatory and risk-based requirements. Our solutions can be tailored to support both taxable and tax-exempt strategies. Securities Lending BNY Mellon is one of the largest securities lenders in the world. Through Pershing Prime Services, you gain access to a large pool of lendable assets within Pershing. With $771 billion under custody 1 and a global network of relationships with major agent lenders, we can help you locate hard-to-borrow securities, implement strategies across multiple asset classes and gain added protection against untimely buy-ins and recalls. In addition, we offer multiple options to borrow and lend securities in order to offer greater transparency into the market. A real-time locate facility and a dedicated securities lending team help you efficiently and accurately facilitate your transactions. Reporting Pershing Prime Services offers extensive reporting capabilities through our secure website. Our Prime Custom Reporting data warehouse allows us to provide reports and data feeds formatted to a customer s individual needs. Data is integrated from both the Pershing custody and settlement systems. You can choose the standard reporting package or create tailored reporting with custom drill-downs to easily access more detailed information. 2 Global Prime Brokerage Solutions

3 The Advantages of a Tri-Party Custody Account With BNY Mellon Portfolio Manager Daily Communication > Custody account for long positions > Sub-custody account for collateral to support shorts and financing > Administration and accounting services > Custody of short positions > Customer service > Execution > Financing The Tri-Party Custody Account Solution For entities that are required to custody their assets at a bank, our tri-party account approach offers new ways to manage counterparty risk. Managers can more efficiently implement short-enabled strategies by leveraging the integrated operational infrastructure of Pershing Prime Services and the various custodial services of BNY Mellon. In a traditional prime broker and separate bank custodian structure, a fund manager must juggle separate relationships with a prime broker for securities lending, financing and execution, as well as with a third party for accounting, administration and the custody of long positions. Pershing Prime Services is dedicated to working with managers to establish integrated tri-party custody relationships that offer a more risk-mitigated, efficient approach to implement your trading strategies. The funds custody fully paid-for long positions at the appropriate custody area of BNY Mellon, which then posts the collateral to Pershing Prime Services for the short securities. Our teams work through a single technology and reporting platform, offering the security of one of the world s largest custodians and a global leader in securities servicing. The result is an integrated operational service and reporting solution that helps manage risk and boost operational efficiency. The tri-party relationship offers streamlined contract negotiation and account setup, a single point of contact for day-to-day issues, simplified collateral management and a variety of flexible reporting options. We serve managers exclusively, free of conflicts and distractions from directly serving retail investors. Working with Pershing Prime Services a your single service provider, our clients can leverage Pershing s breadth of supply, flexible execution, and the financial strength and broader resources of the BNY Mellon organization. y Your business without limits 3

4 Committed to Your Business Without Limits If you are ready to push the limits of what you can expect from a prime broker, contact Pershing Prime Services today. We offer a one-stop solution that seamlessly combines extensive prime brokerage capabilities with the industry s leading solution for clearing, custody and administration. With the power of Pershing Prime Services and the resources across BNY Mellon, you can mitigate counterparty risk, do business with confidence and access a wide range of resources to help you succeed. We offer a high-touch service model, an opentechnology platform, extraordinary global capabilities assistance and a large pool of lendable securities. Our experienced, dedicated team is ready to help you make a smooth transition, complete your new account paperwork, train your staff on our technology and procedures and seamlessly integrate our platform with your technology infrastructure. Pershing Prime Services core global offering includes: > operational support > Trading services > Flexible technology > Securities lending > Business consulting > Service excellence Whether you are a hedge fund, 40 Act fund, pension fund manager or an institutional investor, Pershing Prime Services allows you to do business with confidence by offering the following: Global Partner of Choice > Counterparty strength > An unconflicted approach > A large pool of lendable securities > Transparency into the securities lending market through multiple access points > high-touch service from experienced professionals > Increased operational efficiency > An open-technology platform > The global resources of BNY Mellon y Your business without limits 4

5 Your Business Without Limits Contact us today and you will find a partner that is committed to helping you grow Your Business Without Limits. To learn more, call us at (866) , us at primeservices@pershing.com or visit us at Pershing Prime Services is a service of Pershing LLC, member FINRA, NYSE, SIPC. Pershing is a subsidiary of The Bank of New York Mellon Corporation. Trademark(s) belong to their respective owners. For professional use only. Not for distribution to the public.

6 About Us Pershing Prime Services delivers an unconflicted, comprehensive suite of global prime brokerage solutions, including extensive access to securities lending, dedicated client service, robust technology and reporting tools, worldwide execution and order management capabilities, a broad array of cash management products and the integrated platform of BNY Mellon. Pershing Prime Services is a service of Pershing LLC. Pershing Prime Services (866) BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 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 clientfocused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at SEGB-PPS-MF-9-10