As Brexit looms, Societe Generale is to open a new base in Paris for clearing of derivatives and OTC products by the end of the year.
BNP Paribas will use the FIS solution to increase its visibility around initial margin on its cleared derivatives transactions.
CACEIS will also act as the main listed derivatives clearer for the French investment bank.
Pension funds will have to begin clearing OTC derivatives contracts on 17 August 2018, despite calls for a third extension.
Credit Suisse has become the latest bank to outsource its post-trade derivatives operations to a utility operated by FIS.
Certain fund and asset managers have begun the frontloading requirement set out in the European derivatives clearing rules.