BNP Paribas Extends Caisse Mandate

BNP Paribas Securities Services has extended its custody account-keeping mandate entrusted by the Caisse des Dépôts.

The partnership began in April 2012 following a call to tender by Caisse des Dépôts. After a year-long joint project, a number of services were launched within the scheduled time frame. These included the delegation of custody and assistance with monitoring UCITS for which the Caisse des Dépôts is the custodian, issuance management, and settlement of listed derivatives Commitments to a high-quality level of service were met and recognized.

Patrick Colle, CEO at BNP Paribas Securities Services, said: “We have completed a year of strong and close collaboration with the Caisse des Dépôts, which will provide the foundation for a long-term partnership. One of the major goals of this partnership is to guarantee the security of the CDC’s holdings, as well as those of its clients.”