Treasury services include integrated cash management solutions, whereas Clearance includes U.S. government and global clearing services, and Collateral Management includes tri-party services. The Securities Services segment includes the Asset Servicing and Issuer Services businesses. Within Asset Servicing, it provides custody, trust & depositary, accounting, ETF services, middle-office solutions, transfer agency, and services for private equity and real estate funds. Issuer Services include corporate trust and depositary receipts. The Other segment consists of credit-related services, the leasing portfolio, corporate treasury activities, business exits, M&I expenses, as well as other corporate revenues and expense items. As of Dec 31, 2023, BNY Mellon had $47.8 trillion in assets under custody and/or administration (AUC/A) and $1.97 trillion in AUM.