BNY Mellon has been appointed trustee, collateral administrator, paying agent and calculation agent by Marathon Asset Management for its $356 million collateralized loan obligation.

In its role, BNY Mellon's corporate trust unit will process principal and interest payments and maintain bondholder records. "We remain committed to servicing the CLO marketplace which has shown great signs of life following the financial crisis," says Jocelyn Lynch, managing director at BNY Mellon Corporate Trust. "We are well equipped to support Marathon as they execute and manage this offering."

BNY Mellon Corporate Trust services $11 trillion in outstanding debt from 61 locations in 20 countries. Corporate trust providers are appointed by corporations, municipal government and other entities listing debt to service and maintain the debt issue, process principal and interest payments for investors, represent investors in defaults and provide additional value-added services for complex debt structures.

Written by Chris Kentouris, Editor-in-chief (Chris can be contracted through Chris.Kentouris@hotmail.com)

Calypso Technology Inc. has opened an office in Beijing, to service both the domestic and international institutions across the region.   

DST Global Solution’s Anova, a suite of products for post-trade data management, performance measurement, compliance, and client reporting has won the 2013 FTF News Innovation Award for “Best Middle Office Solution.” 

Bonaire Software Solutions, LLC, provider of revenue and expense management and business intelligence solutions to investment managers, mutual funds, wealth managers and capital markets firms, is hosting a roundtable discussion related to Trade Execution Expense Management on Thursday 23, May from 15:00-18:00 BST. 

In response to the HM Treasury’s final regulation on the Alternative Investment Fund Managers Directive (AIFMD), published today, Julie Patterson – IMA Director of Authorised Funds and Tax reponds.

Bayer AG (Bayer), a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials, has gone live with SunGard’s Adaptiv solutions for risk management. Adaptiv Analytics, Adaptiv 360.  

Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that its application to become registered as a foreign board of trade (FBOT) has received approval from the U.S. Commodity Futures Trading Commission (CFTC). The FBOT registration replaces NGX’s exempt commercial market status, which was eliminated by the enactment of the Dodd-Frank Act.