New York
03 July 2017
Reporter: Drew Nicol

BNP Paribas welcomes four new users for US custody platform


BNP Paribas Securities Services has secured four new European online banks as clients for its US broker-to-custody platform.

The service offers clearing, settlement and custody processes for US fund flow.

Germany’s OnVista Bank, Spain’s Self Trade Bank, Austria’s Hello Bank and the Czech Republic’s Raiffeisenbank all signed up to the platform.

BNP Paribas added Sweden’s Avanza Bank, Norway’s Netfonds Bank and Portugal’s Banco de Investimento to the platform in 2016.

Florent Thiry, head of financial intermediaries and corporates client line for the Americas at BNP Paribas, said: “Expanding the broker-to-custody global model to include the US has enhanced the bank’s position as the key provider to international broker-dealer and banking clients.”

“Our clients have greatly benefitted from the platform’s effectiveness, flexibility and ease of use. We are delighted to work with these four new clients.”

More clearing and settlement 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
Japan earmarks Q2 2019 for T+2 settlement shift
07 November 2017 | Tokyo | Reporter: Drew Nichol
Japan has unveiled a “tentative” timeline for its exchanges’ shift from a T+3 to T+2 settlement cycle, with eye towards Q2 2019
Iberclear bank on Citi to provide global custody
20 October 2017 | Madrid | Reporter: Jenna Lomax
The agreement, signed at this years Sibos conference in Toronto, will enable Spanish clearing houses to settle international securities via local CSDs
Eurex Clearing launches partnership programme
09 October 2017 | Frankfurt | Reporter: Theo Andrew
The programme plans to build a “balanced ecosystem”, responsible for aligning responsibilities and benefits related to economics and governance, bringing “greater choice and transparency” to the market
BNP Paribas becomes first French OTC Clearing member
20 September 2017 | Hong Kong | Reporter: Barney Dixon
BNP Paribas has joined OTC Clearing Hong Kong, as the clearinghouse’s 17th member, and the first from France
Ten-year T2S saga comes to an end
19 September 2017 | Brussels | Reporter: Stephanie Palmer
The Target2-Securities pan-European harmonised settlement platform is finally fully operational, as the Spanish and Baltic markets completed their migration yesterday
SEC praises “smooth” T+2 transition
12 September 2017 | Washington DC | Reporter: Stephanie Palmer
SEC chair Jay Clayton said the move on 5 September “represents a significant accomplishment” for the industry
Citi and Deutsche Bank execute first SwapAgent trades
07 September 2017 | London | Reporter: Jenna Lomax
LCH’s new SwapAgent service has completed its first trades, facilitating an interest-rate swap and an inflation swap between Citi and Deutsche Bank
More clearing and settlement news