BNP Paribas launches initiatives to improve access to local fixed income markets

The bank is leading several initiatives to facilitate financial institutions’ access to local fixed income markets.

BNP Paribas has launched a series of initiatives to help financial institutions access local fixed income markets.

In February, the French bank announced it would manage the administrative process – from trade execution to settlement - to gain access to the China Interbank Bond Market.

Similarly, it has become a direct securities participant to the Federal Reserve through FedLine, to help its clients’ set-up in the local fixed income market.

BNP Paribas continues to extend its European clearing capabilities for the repo clearing of bonds. In January, it became the first Global Clearing Member on LCH to trade Euro fixed income repos.

The bank said it has also upgraded its service in line with T2S requirements for clients to settle in central bank money with auto-collateralisation.

Global head of clearing, custody and settlement at BNP Paribas Securities Services, Alain Pochet, said institutions “need fast and efficient access to local fixed income markets to satisfy their need to high quality collateral.”

“We see it as our role to help our clients secure the collateral they need to enable them to fulfil their investment strategies,” he added.