BNY Mellon Disclosed to be Tri-Party Custodian and Collateral Agent for Primary Dealer Credit Facility
Posted on 04/22/2020
The Federal Reserve Bank of New York (FRBNY) retained the services of Bank of New York Mellon (BNY Mellon) to be the tri-party custodian and collateral agent for the Primary Dealer Credit Facility. The facility was launched on March 20, 2020.
Tri-party fees by BNY Mellon will apply.
Keywords: Federal Reserve System, Bank of New York Mellon Corporation.