Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. BNP Paribas integrates Pirum connectivity in Triparty Collateral Services
Industry news

BNP Paribas integrates Pirum connectivity in Triparty Collateral Services


09 October 2024 UK
Reporter: Daniel Tison

Generic business image for news article
Image: Funtap/stock.adobe.com
Pirum has integrated its connectivity services with the Triparty Collateral Services of BNP Paribas’ Íø±¬³Ô¹Ï Service business to provide mutual clients with real-time, automated exposure and collateral management solutions.

Through this collaboration, mutual clients of both firms gain automated exposure and collateral management processing visibility, efficiency and transparency across their securities lending, repo, and over-the-counter (OTC) derivative transactions.

Frédéric Pascal, head of market and financing services, Íø±¬³Ô¹Ï Services, BNP Paribas, says: “The connection between Pirum and our Triparty Collateral Management platform is a major milestone in the development of our franchise.

“Our goal has always been to help clients deliver on their securities finance strategy while making the move to Triparty as easy as possible. With Pirum as a new partner, we are excited to be able to keep on delivering on that promise to our mutual clients.â€

Pirum automates the management of the entire collateral lifecycle — from calculation and matching to submission and validation of collateral requirements and allocations.

Pirum’s Exposure Management service is designed to enable clients to reduce settlement fails and Central Íø±¬³Ô¹Ï Depositories Regulation (CSDR) penalties, as well as collateralisation timeframes while increasing operational efficiencies for all participants.

Rob Frost, chief product officer at Pirum, adds: “Connecting [BNP Paribas’] Triparty platform to our collateral management and optimisation services represents a new and exciting chapter in our collaborative story, which was founded on a mutually held core principle of continuously seeking to improve the client experience.

“The move also helps to increase connectivity and liquidity across the French securities-based lending, repo, and OTC derivatives sectors, making this a win for the entire securities finance industry.â€
← Previous industry article

PASLA welcomes Trading Apps
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral
→ Liquidity
→ Repo

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →