NEW YORK, July 30 /PRNewswire-FirstCall/ -- The Bank of New York Mellon was named the best overall tri-party repo provider for the second year in a row in the 2008 International Securities Finance (ISF) annual repo survey. ISF is a leading publication for the securities financing and repo, prime brokerage and hedge fund industries.

The bank ranked first or second in 12 of the 14 survey areas. It was rated best performer in seven key servicing categories for collateralized stock loan and repo transactions, including reporting capabilities, timeliness of settlement, quality of static data, quality of client service, access to counterparties, breadth of coverage and dividend collection. ISF also commended the bank's expertise in timeliness and accuracy of margin calls, level of STP offered, handling of fails and substitution capability.

'This survey, which represents a snapshot of what our clients think of us, underscores the success we are having by focusing on the areas that matter most to the broker-dealer and institutional investor community,' said Art Certosimo, executive vice president and head of Broker-Dealer and Alternative Investment Services at The Bank of New York Mellon. 'Our dedication to client service, coupled with our proven global expertise in collateral management, continues to be a winning combination for our organization.'

The Bank of New York Mellon is a leading provider of tri-party collateral management services, servicing more than $1.8 trillion in tri-party balances worldwide.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at bnymellon.com.

SOURCE The Bank of New York Mellon Corporation