Thursday May 8 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: European Union
Link: https://www.euroclear.com/en/news-views/news/press-releases/2014/2014-MR-09.html
BNP Paribas Securities Services and Euroclear Bank have announced that their joint triparty collateral management service, which was introduced in Italy and Spain last year, has been extended to four new capital markets:
- Belgium
- France
- Germany
- The Netherlands
The service is already used by a number of investment banks and brokers. The partnership enables mutual sell-side clients to seamlessly optimise equities and fixed-income securities collateral held in both companies’ books in these six domestic markets for use in triparty transactions managed by Euroclear Bank. The securities can be returned to clients’ domestic accounts as and when required.
Click on the above link for further details.