Bank of New York Mellon Corp. has announced the purchase of Portsmouth Financial Systems, a developer of modeling and analytics for structured credit transactions, so that it can give clients and investors more transparency in structured credit portfolios.

Bank of New York Mellon said on Monday that the purchase will let it offer clients and investors an opportunity to review actual or predicted security cash flows, to gain access to loan-level historical data analysis and cash-flow scenarios and to plug in default and prepayment modeling.

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