Products December 4, 2002

Mellon Expands Workbench Tools

April 24, 2001 (PLANSPONSOR.com) - Mellon Trust clients now have access to improved online reporting and processing capabilities, including expanded foreign exchange trading and enhanced reporting tools.
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Mellon has announced the following enhancements to its Workbench product:

  • an automated Web-based foreign (FX) exchange trading product (e-IdealFX) that offers the ability to automatically upload/download trade related data between e-IdealFX and a plan sponsor’s trading or portfolio management system
  • the introduction of a suite of performance measurement and investment analytics reports through Russell/Mellon Analytical Services
  • access to more than 40 Web-based Global Securities Lending Reports, including monthly client earnings, lending activity, borrower exposure, collateral received and reinvestment activity
  • enhanced cash, custody and accounting reporting
  • a variety of benefit payment reports, as well as check history and stop-payment capabilities.

Last March Mellon introduced a new Internet-based connectivity option for Workbench.

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In July 2000, customers could begin accessing audited financial statements via the Internet and last September Mellon began offering browser-based real-time reporting.

Since its introduction last year, Workbench has gained nearly 800 new users to its site, according to the company.

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