The Bank of New York Collateral Management Services Announce CALYON and IXIS Corporate & Investment Bank as New Clients

The Bank of New York's Collateral Management product has seensteady growth over the past two years. The expansion into the Frenchmarketplace is a logical extension of its global reach as the marketsbecome more sophisticated and delegation of the collateral managementfunction to an independent specialist becomes more commonplace.

Art Certosimo, executive vice president and head of broker dealerservices at The Bank of New York, said, "We are proud to have workedclosely with CALYON Paris and IXIS Corporate & Investment Bank on thispioneering transaction in the French marketplace. With the regulatorychanges that Basel II will bring, we see more opportunities to extendour collateral management capabilities to the broader marketplace. Inaddition, we continue to use our market expertise and innovativetechnology to drive global capital market efficiencies."

Monique Veillerobe, Managing Director and Global Head of EquityFinancing at CALYON Capital Markets continued, "This partnership iscomplementary to our existing collateral management strategy and weare confident that with The Bank of New York's expertise, we will beable to provide a seamless service to our internal and externalclients."

Nicolas Hamar, Head of Equity Finance Europe at IXIS Corporate &Investment Bank said "This arrangement with The Bank of New Yorkallows us to streamline our operational processes and improve ourclient servicing while simultaneously opening up new revenuegenerating possibilities. It's a win/win situation for both our firmand our customers."

The Bank of New York's collateral management services, includingits RepoEdge products, allow Principals to outsource operationalaspects of their collateralized transactions. The Bank, as their agentand intermediary, can verify collateral eligibility and mark to marketthe value of the collateral to ensure proper collateralizationthroughout the term of each transaction.

RepoEdge(R), The Bank of New York's proprietary collateralmanagement system, offers clients a market-leading global platform fortheir cross-border needs. The Bank of New York is uniquely positionedto provide integrated servicing of both global fixed income and equityholdings of clients. The Bank's proven ability to meet the needs ofborrowers and lenders continues to make it the leading provider ofglobal collateral management and tri-party repo services, as evidencedby the Bank's holdings of over $1 trillion in tri-party transactions.

The Bank of New York Company, Inc. (NYSE: BK) is a global leaderin providing a comprehensive array of services that enableinstitutions and individuals to move and manage their financial assetsin more than 100 markets worldwide. The Company has a long traditionof collaborating with clients to deliver innovative solutions throughits core competencies: securities servicing, treasury management,investment management, and individual & regional banking services. TheCompany's extensive global client base includes a broad range ofleading financial institutions, corporations, government entities,endowments and foundations. Its principal subsidiary, The Bank of NewYork, founded in 1784, is the oldest bank in the United States and hasconsistently played a prominent role in the evolution of financialmarkets worldwide.