BNP Paribas Securities Services has launched Collateral Access, a fully integrated collateral management solution offering to cater for both buy-side and sell-side clients.
According to the company, the solution mainly aims at managing counterparty risk, optimising collateral allocation and ensuring safekeeping and segregation of collateral as well as reduces liquidity friction between counterparties.
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Patrick Colle, CEO at BNP Paribas Securities Services, said: "Providing a solution to mitigate counterparty risk remains at the heart of customers’ requirements. 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.
Hélène Virello, head of collateral management at BNP Paribas Securities Services, said: "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."
Market dynamics and the search for increased transparency are pushing participants to implement a strong 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.
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By GlobalDataBNP Paribas Securities Services is a global custodian with over US$7 trillion assets under custody.
