Businessweek

BNY Mellon signed a Framework Agreement with the Eurosystem to allow it to outsource settlement to the T2S settlement platform, which is set to go live in 2015. The agreement commits Brussels-based BNY Mellon CSD SA/NV to taking all necessary steps to become a part of the T2S infrastructure and to comply with the T2S governance regime. BNY Mellon CSD SA/NV will now work with the Eurosystem to implement the required IT infrastructure and connectivity to become a part of T2S.

Westpac Banking Corporation has announced the appointment of The Bank of New York Mellon Corporation as the successor depository bank for the Australian lender's American depository receipt (ADR) programme.

BNY Mellon announced the launch of Intraday Liquidity Analytics, a new offering from BNY Mellon's Treasury Services group that helps clients address liquidity transparency and intraday overdraft coverage requirements under Basel III. Leveraging BNY Mellon's collateral and cash management strengths, this new enhancement to the company's TreasuryEdge(SM) electronic banking platform helps clients better manage costs associated with intraday liquidity; reduce intraday overdrafts; and manage payment flows more easily and efficiently. It also provides clients with improved access to real time and historical intraday cash and liquidity information across multiple accounts, presenting data in both graphical and detailed transaction formats. Intraday Liquidity Analytics provides flexible and interactive tools that enable clients to drill down into problem time frames and transactions that are creating negative liquidity. The offering also facilitates STP payment processing, and increases the availability of resources for other business purposes.

The Bank of New York Mellon Corporation has been appointed delegate, principal paying agent, registrar, transfer agent and Irish listing agent on the first Turkish-only private sector sukuk deal in banking, issued by Asya Sukuk Company Limited. The sukuk certificates issued are unconditionally and irrevocably guaranteed by Bank Asya. The inaugural issuance is for $250,000,000 and will have an initial yield of 7.5% per annum. As delegate and principal paying agent, BNY Mellon will perform fiduciary duties and make profit and principal payments to investors on behalf of Asya Sukuk Company Limited. It will also handle administrative duties related to the issuance of the certificates.

BNY Mellon has been appointed as trustee, registrar, transfer agent, paying agent and securities intermediary by Banco General S.A. (Panama) for its $100 million diversified payment rights (DPR) bond issuance.