NEW YORK, April 30, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed trustee, registrar, transfer agent, paying agent and securities intermediary by Banco General S.A. ( Panama) for its $100 million diversified payment rights (DPR) bond issuance, which is the first DPR program in Panama. "We chose to work with BNY Mellon because of their extensive track record and experience in DPR securitizations and the strong relationship we maintain with them. We are confident they will be a reliable counterparty and responsive throughout the life of the program," said Francisco Sierra, CFO at Banco General. "We expect to see an increased interest in DPRs as more issuers seek alternative sources of funding in anticipation of the new regulatory environment of Basel III," said Hector Herrera, managing director of international and cross border sales at BNY Mellon Corporate Trust. "We are committed to servicing the growing needs of issuers across Central America, and our appointment on this program illustrates the market's trust in our global capabilities and expertise." As of March 31, 2013, BNY Mellon Corporate Trust serviced $12 trillion in outstanding debt from 61 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings. Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.