BNP Paribas Securities Services has launched a service that allows financial intermediaries to shorten their deployment time to new markets.
The solution is delivered through a single point of contact and enables access to settlement, clearing and custody services in more than 100 countries.
The service also incorporates collateral management, which looks to 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 the exact amount of collateral required.
In the current climate, the No. 1 concern for financial intermediaries is maintaining their volumes and marginsso anything which can actually boost growth is in very strong demand right now, Philippe Ruault, head of clearing, settlement and custody products at BNP Paribas Securities Services, says.
Eric Roussel, head of trade and market services at BNP Paribas Securities Services, adds: 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. With this critical aspect of their post-trade infrastructure under our management, clients can focus their efforts on their core business activities.
(CM)