BNP Paribas Securities Services Launches Collateral Access, an Integrated
Collateral Management Solution
NEW YORK, NY -- (Marketwired) -- 06/26/13 -- BNP Paribas Securities
Services (BNP Paribas), a global custodian with over USD 7 trillion
assets under custody, boosts its collateral management solution by
launching Collateral Access, a fully integrated and comprehensive
offering to cater for both buy-side and sell-side clients.
Market dynamics and the search for increased transparency are pushing
participants to implement a robust risk mitigation framework around
collateral management. Incoming regulation, in particular EMIR and
Dodd-Frank, has increased the need for collateral for all OTC
derivatives, whether cleared or non-cleared. The new liquidity
standards of Basel III will also affect future demand for High
Quality Liquid Assets.
Patrick Colle, CEO at BNP Paribas Securities Services, said:
"Providing a solution to mitigate counterparty risk remains at the
heart of customers' requirements. But our clients expect even more
than that from their custodian. Optimisation and protection of
collateral are becoming critical decision factors; whether long or
short, clients want to be able to maximise the use of their assets.
Those in need of collateral must best allocate their limited
resources or effectively source eligible assets.
"Protection of the collateral portfolio is also a key concern. As a
custodian with Global SIFI status and a unique combination of buy-and sell-side clients in our books, we are naturally best placed to
safe keep, optimise and transform clients' collateral."
Helene Virello, Head of Collateral Management at BNP Paribas
Securities Services, added: "We are seeing increasing demand from
clients to support them with a solution through the entire
transaction process - from trade capture to reporting, including
liquidity solutions. Collateral Access allows our clients to be fully
compliant with new regulations through limited investments and within
a short timeframe. We work with an open model, interfaced with
multiple counterparties, clearers, custodians and market
infrastructures. It has been carefully designed to address the
challenges facing the industry in the years to come. Collateral
Access comprises a set of modules available on a standalone basis or
together with BNP Paribas Securities Services' existing products."
To address these market concerns, BNP Paribas has positioned the
topic as a key strategic initiative across its business lines and
reinforced its offering under the umbrella name of Collateral Access.
This solution is fully integrated and can be tailored to client
needs. It comprises three pillars:
-- Efficient Risk Mitigation: aiming at actively managing counterparty
risk, it relies on robust trade management for all instruments
(including both cleared and non cleared derivatives), independent
portfolio valuation, margin and dispute management -- all supported by
industry leading platforms.
-- Optimisation and transformation: providing margin requirement
simulation, it helps optimise collateral allocation and take advantage
of financing solutions or lending opportunities.
-- Protection and velocity: ensuring safekeeping and segregation of
collateral, it provides connectivity to market infrastructures and an
innovative settlement set-up, to reduce liquidity friction between
About BNP Paribas
BNP Paribas (www.bnpparibas.com) has a presence in 80 countries with
nearly 200,000 employees, including more than 150,000 in Europe. It
ranks highly in its three core activities: Retail Banking, Investment
Solutions and Corporate & Investment Banking. In Europe, the Group
has four domestic markets (Belgium, France, Italy and Luxembourg) and
BNP Paribas Personal Finance is the leader in consumer lending. BNP
Paribas is rolling out its integrated retail banking model across
Mediterranean basin countries, in Turkey, in Eastern Europe and a
large network in the western part of the United States. In its
Corporate & Investment Banking and Investment Solutions activities,
BNP Paribas also enjoys top positions in Europe, a strong presence in
the Americas and solid and fast-growing businesses in Asia.
About BNP Paribas Securities Services
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP
Paribas Group, is a leading global custodian and securities services
provider backed by the strength of a universal bank. It provides
integrated solutions to all participants in the investment cycle
including the buy-side, sell-side, corporates and issuers.
Covering over 100 markets, with our own offices in 34 countries, the
BNP Paribas network is one of the most extensive in the industry. We
bring together local insight and a global network to enable clients
to maximize their market and investment opportunities worldwide.
Key figures as of 31 March 2013: USD 7,113 billion assets under
custody, USD 1,314 billion assets under administration, 6,979
administered funds and 7,900 employees
BNP Paribas Securities Services is a societe en commandite par
actions (partnership limited by shares) incorporated in France, with
limited partners with limited liability and one general partner with
unlimited liability, with its registered office at 3, rue d'Antin -
75002 PARIS - Paris Trade Register B552 108 011 RCS.
BNP Paribas Securities Services is authorised and supervised by the
Autorite de Controle Prudentiel (ACP) and by the Autorite des Marches
Financiers (AMF). BNP Paribas Securities Services London branch is
authorised by and subject to limited regulation by the Financial
Services Authority for the conduct of its investment business in the
United Kingdom; details on the extent of our regulation by the
Financial Services Authority are available from us on request. BNP
Paribas Securities Services London Branch is also a member of the
London Stock Exchange. BNP Paribas Trust Corporation UK Limited and
Investment Fund Services Limited are authorised and regulated by the
Financial Services Authority.BNP Paribas Securities Services, London
Branch is registered in England and Wales under No. FC023666.
The services described in this document, if offered in the U.S., are
offered through BNP Paribas and its subsidiaries and affiliates.
Securities products are offered through BNP Paribas Securities Corp.,
a subsidiary of BNP Paribas, a broker-dealer registered with the
Securities and Exchange Commission and a member of SIPC, the
Financial Industry Regulatory Authority, the New York Stock Exchange
and other principal exchanges.
BNP Paribas, New York
+1 212 841 3719
BNP Paribas Securities Services Press Office
+ 44 207 595 4653
BNP Paribas Group press office
+ 33 (0) 1 43 16 82 04
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