About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BNY Mellon Asset Servicing Enhances Reporting for Institutional Investors Required to Report Ratings of Counterparties

Subscribe to our newsletter

BNY Mellon Asset Servicing, the global leader in securities servicing, has enhanced its Workbench platform to help institutional investors comply with new accounting standards that require them to report the industry ratings of their counterparties when over-the-counter (OTC) derivatives are held.

These enhancements were specifically designed to help US Government reporting clients meet the requirements of Governmental Accounting Standards Board (GASB) Statement No. 53, Accounting and Financial Reporting for Derivative Instruments. The Workbench enhancement delivers the ratings from all three major agencies, Moody’s, Standard & Poor’s, and Fitch.

“We have expanded the counterparty exposure reporting for swaps and forwards to assist clients to efficiently determine ratings for their counterparties or any other legal entities or companies related to the counterparty,” said Chris Richmond, managing director of global product accounting for BNY Mellon Asset Servicing. “Consolidating this data enables institutional investors to view their derivatives with greater transparency across accounting, counterparty and rating data and gain a more complete view of their portfolios.”

The new service displays short and long term ratings for counterparties and related entities as well as additional information about the underlying security or index. By combining accounting and analytical information, clients are able to see a consolidated view of their counterparty exposures. The new reporting functionality further extends the scope of BNY Mellon’s Derivatives360, which supports derivatives throughout their lifecycle.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The Data Office at a Crossroads — AI Governance, Organisational Design, and the Evolving Mandate of the CDO

Date: 28 July 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Who owns AI governance in a capital markets firm – and is the Data Office structured to bear that weight? These questions sit at the heart of A-Team Research’s latest findings, presented here for the first time: the combined...

BLOG

ESMA’s Data Quality Report Signals a Higher Bar for Regulatory Reporting Data

By Michele Hillery, Managing Director, Head of Repository & Derivatives Services at The Depository Trust and Clearing Corporation (DTCC). Regulators across jurisdictions are leveraging trade reporting data as a supervisory resource, using it to monitor risk, assess market activity and inform policy and oversight decisions. As this use becomes more sophisticated, firms face an even...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Tackling the Data Management Challenges of FATCA

As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...