Clearstream has introduced Liquidity Hub Connect, a new service for agent banks which will allow client assets to remain with BNP while Clearstream manages global collateral allocation, optimisation and exposure coverage.
BNP’s customers will be able to consolidate their collateral holdings via Clearstream’s Global Liquidity Hub to cover their global exposures from a single pool.
BNP Paribas Securities Services head of clearing, settlement and custody Alain Pochet said that the company is committed to providing its clients with maximum flexibility to manage their collateral requirements across key markets while delivering bespoke domestic and global settlement and custody services.
"Strategic partnerships, such as this first one with Clearstream, complement perfectly our collateral management offer as bilateral agent for buy side and sell side institutions," Pochet said.
