BNP Paribas Securities Services has launched a service allowing financial intermediaries to shorten their deployment time to new markets, optimising liquidity and boosting client service.
Delivered through a single point of contact, BNP Paribas’ solution enables access to robust settlement, clearing and custody services in more than 100 countries, meaning clients benefit from smoother instruction, reporting and reconciliation processes, and faster on-boarding.
“Our solution removes virtually all of the complexity involved with implementing and managing moves into new markets, thus enabling banks and brokers to react quickly to business opportunities in new territories,” added Eric Roussel, head of trade and market services at BNP Paribas Securities Services.
The service also incorporates collateral management which – critically – will improve clients’ liquidity and their capital usage. By having a full view of clients’ operations, the bank is able to closely evaluate their collateral requirements and recommend – more accurately than ever – the exact amount of collateral required.
