BNY Mellon Expands LiquidityDirect(SM) Platform for Short-Term Investment Products

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May 22, 2023, 09:00 ET

Expansion now offers comprehensive access to deposits, enhanced Focused Investing options and mutual funds, as well as new integration capabilities through SAP

NEW YORK, May 22, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK) today announced the expansion of its short-term investment platform, LiquidityDirect, to incorporate access to mutual funds, enhanced Focused Investing options, interest-bearing demand deposit accounts and sponsored cleared repo Sweep capabilities to help companies maximize liquidity, manage risks and improve performance. Driven by client demand, these enhancements provide corporate treasurers and other finance executives with a comprehensive platform for leveraging more than 100 investment vehicles.

The expansion also unlocks additional value via integration with SAP's Treasury Management workstation, creating efficiencies for self-directed cash management, payments and investments. These developments build on LiquidityDirect's existing platform integration with several other leading treasury workstations and cash management systems, including Indus Valley Partners, G Treasury and Hazeltree.

Adam Vos, CEO of BNY Mellon Markets & Execution Services, said: "Throughout market cycles, the global demand for liquidity remains paramount for all market participants. A critical component to meeting clients' needs is providing integrated access from a single source to an array of liquidity solutions. We have built—and now significantly enhanced—our LiquidityDirect platform to offer clients exactly these types of innovative solutions, to meet their dynamic investment and risk criteria as they execute on their liquidity strategy."

As an important value add, LiquidityDirect provides access to the BOLD^® (Black Opportunity for Learning and Development) Share Class on Dreyfus Government Cash Management, offered exclusively through BNY Mellon, so clients can easily make a direct social impact. Since launching, assets in the BOLD^® Share Class have grown nearly eightfold, now totaling an estimated $4.8bn as of May 12, 2023. In addition, 10% of the BOLD^® shares' net revenue¹ will be donated to Howard University's Graduation Retention Access to Continued Excellence grant annually.

Building on the success of BOLD^®, LiquidityDirect has bolstered its Focused Investing offering by adding new investment options, including share classes offered through veteran-, women- and minority-owned broker-dealers, as well as Minority Depository Institutions. This augments the platform's existing Focused Investing capabilities powered by its own ESG Data Analytics.

George Maganas, Global Head of Liquidity Services, BNY Mellon, said: "Our clients have conveyed a need to streamline management of their short-term investments – and we listened. Through the expansion of our LiquidityDirect product suite, we are providing them with a comprehensive set of short-term investment options through a single point-of-access. We will continue evolving the platform to enhance our clients' experience by incorporating the latest market developments, investment options with seamless integration and data management they demand."

About BNY Mellon
Established in 1784, BNY Mellon is America's oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.6 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of March 31, 2023. BNY Mellon has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com. Follow us on LinkedIn or visit our Newsroom for the latest company news.

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Disclosures on Dreyfus Government Cash Management

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement, and should not serve as a primary basis for investment decisions. Dreyfus is a division of BNY Mellon Investment Adviser, Inc. Securities are offered by BNY Mellon Securities Corporation, a registered broker dealer. BNY Mellon Investment Adviser, Inc. and BNY Mellon Securities Corporation are subsidiaries of BNY Mellon.

Media Contact:
BNY Mellon
Ryan Wells
[email protected]

¹"Net revenue" represents the management fee paid by the Fund to the Fund's investment adviser, BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser) after any fee waivers and/or expense reimbursements by BNYM Investment Adviser and less any revenue sharing payments made by BNYM Investment Adviser or its affiliates, with respect to the Fund's BOLD® shares. If in any year 10% of net revenue attributable to the Fund's BOLD® shares is less than $300,000, BNYM Investment Adviser nevertheless will make a donation of $300,000 from its past profits.

SOURCE BNY Mellon