Aviva France Mandates BNP Paribas to Support Repo Activities

BNP Paribas Securities Services has been mandated by Aviva Investors France, the global asset management arm of Aviva Group, for the administration of collateral for its sale and repurchase agreements.
Under this new mandate, BNP Paribas will support Aviva in developing its repo activities.
Hélène Virello, head of collateral management at BNP Paribas Securities Services, said: “This new mandate confirms our strategy of expanding our collateral management services for various underlying assets aside from bilateral OTC derivatives. These include repurchase agreements and cleared OTC derivatives.”
Christian Dormeau, CEO of Aviva Investors France, added: “Monitoring counterparty risk, which is a central topic of debate in the market, is also an essential component of our asset management strategy. Given the strong growth of our repo activity, we wanted to outsource to an efficient, responsive service provider who would maintain Aviva Investors France’s high standards for monitoring and managing the risks related to its commitments.”