BNP Paribas Securities Corporation is the first futures commission merchant (#FCM) entity to join LCH #CDSClear, which announces the expansion of its client clearing services to US credit derivatives market participants, and has cleared the first US buy-side trade on the service.
The expansion offers greater access to the #capital reduction, margin offsets and operational efficiencies available through clearing to more market participants.
BNP Paribas is one of a few non-US banks to offer a full front-to-back offering in the US, from #trading to financing, clearing and custody, with the international footprint and capacity to deliver both globally and locally.
Securities services for #corporates and financial institutions offered in the US are provided through BNP Paribas Securities Corporation – as a broker-dealer and futures commission merchant – for investment products and services, and BNP Paribas - Securities Services – as a global custodian – for multi-asset servicing, including local and global custody, fund administration, and securities lending.
#BNPP4clients #finance
Stephane Pellerin, Ira Rudman Gaspard Bonin, Kieron A Smith, Mark Stafford, Sarah Walsh, Giorgio Calì