BNP Paribas Securities Services has launched a service aimed at shortening financial intermediaries' deployment time to new markets, optimising liquidity and boosting client service.
The solution is delivered through a single point of contact and provides access to settlement, clearing and custody services in more than 100 countries.
The BNP service also incorporates collateral management, which BNP said would improve clients' liquidity and capital usage. By keeping a full view of clients' operations, the bank is able to closely evaluate collateral requirements and recommend the exact amount of collateral required.
“In the current climate, the number one concern for financial intermediaries is maintaining their volumes and margins – so anything which can actually boost growth is in very strong demand right now,” said Philippe Ruault, head of clearing, settlement and custody products at BNP Paribas Securities Services.
BNP Paribas' client service model is customisable and designed to deliver global reach with “local expertise” in each market. The platform's open architecture interfaces with client accounts held with international central securities depositories or other sub-agents.
“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,” said Eric Roussel, head of trade and market services, BNP Securities Services.