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BNP Paribas, Euroclear expand tri-party
08 May 2014
Extend joint collateral management service to four new capital markets
BNP Paribas Securities Services and Euroclear Bank have
branched out their tri-party collateral management service to
four new European markets.
The service, which is a collaborative effort between the two
companies, is now available in Belgium, France, Germany, and
The service was first launched in Italy and Spain last
"Our joint customers can now take a holistic approach to
collateral management and this service affords them the highest
levels of cost and risk efficiencies when sourcing and
allocating securities. Together with BNP Paribas, we are
delivering a client-driven solution that hinges on open-source
portfolio optimisation," said Frederic Hannequart,
chairman of Euroclear Bank.
Euroclear's partnership with BNP Paribas is part of the
continued extension of its collateral optimisation platform,
Collateral Highway, to more markets.
"Our Collateral Access - Connect service, which enables us to
establish links with institutions such as Euroclear Bank while
keeping our clients' assets segregated, is an excellent example
of how the industry can work together to help customers access
collateral easily and efficiently," said Alain Pochet, head of
clearing, Custody and settlement at BNP Paribas.
The partnership enables sell-side clients of BNP
Paribas and Euroclear to optimise equities and fixed income
collateral for use in tri-party transactions that are managed