London
08 May 2014
Reporter: Tammy Facey

BNP Paribas adds new markets to Collateral Highway


BNP Paribas Securities Services has extended its partnership with Euroclear Bank’s Collateral Highway to include four new markets.

The triparty collateral management service has been extended beyond Italy and Spain to Belgium, France, Germany and the Netherlands.

Frederic Hannequart, chairman of Euroclear Bank, said: “Our partnership is part of the on-going extension of the Collateral Highway to more markets globally. The technology used allows for the automatic mobilisation of both fixed income and equities collateral at a lower cost than other cross-border triparty collateral providers.”

“The partnership will enable mutual sell-side clients to manage equities and fixed-income securities collateral held at both BNP Paribas and Euroclear in each domestic market.”

Alain Pochet, head of clearing, custody and settlement at BNP Paribas Securities Services, added: “Our Collateral Access - Connect service is part of our wider Collateral Access suite of products and services, which helps our clients source securities and maximise the use of their assets.”

BNP Paribas joined the Collateral Highway of Euroclear in March 2013.

The Collateral Highway links commercial and investment banks, supranationals, central banks, central counterparties and other capital market infrastructure providers across time zones and markets.

It mobilised an average of €787 billion of collateralised transactions daily in 2013, a 12 percent increase year-on-year.

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Smartkarma opens European hub in London
25 September | London | Reporter: Theo Andrew
According to Smartkarma, the move means European analysts can now register with the platform to join the data platform, offering a network approach to insights and publishing tools
First RFQ inflation swap transactions executed on Tradeweb platform
25 September 2017 | London | Reporter: Stephanie Palmer
Tradeweb has completed the first cleared inflation swap transactions using request-for-quote protocol, on its European Interest Rate Swap platform
SmartStream partners with Deutsche Börse Reporting Hub
25 September 2017 | Frankfurt | Reporter: Theo Andrew
Deutsche Börse Group has enlisted The SmartStream Reference Data Utility (RDU), for its new Regulatory Reporting Hub
US Volcker Rule not fit for purpose, says SIFMA
22 September 2017 | New York | Reporter: Drew Nicol
The US Volcker Rule is too broad, excessively complex, and uniquely prescriptive, according to the Securities Industry and Financial Markets Association
Pension fund mandate for BNP Paribas
21 September 2017 | London | Reporter: Jenna Lomax
The West Sussex Pension Fund is the fifth appointment BNP Paribas has secured under the Local Government Pension Schemes (LGPS) National Framework Agreement
IHS Markit names new COO for thinkFolio
21 September 2017 | London | Reporter: Jenna Lomax
Cunningham will lead thinkFolio’s product management, services, support and managed service offering
AcadiaSoft expands user base for IM compliance
21 September 2017 | Massachusetts | Reporter: Drew Nicol
The second phase of the IM rules went live on 1 September under the regulatory framework of BCBS and IOSCO
More news