Bank of New York Co. is using the Internet to give investors more access to information on securitized investments.
On a Web site that is open to the public, the bank is providing data on bonds backed by mortgages and other real estate loans for which it serves as trustee.
The data, at www.bnymbs.com, include certificate statements, rates, and loan-level details for the complex bond transactions. Current and prospective investors can use them to determine the value of securities.
Bank of New York had previously delivered the information by mail, fax, dial-up modem, or an automated phone system.
"I can only see it as being beneficial," said Neil …