BNP Paribas has selected BondLend’s fixed income securities lending technology. BNP is the first broker dealer to utilize Straight-Through Processing (STP) for BondLend’s Fixed Income Mark-to-Market service.
The STP service assists in reconciliation actions on BondLend’s comparison services to be automatically updated in BNP’s proprietary system. Other lenders benefitting from the service include BNY Mellon and Credit Suisse.
Click here for the release from PR Newswire.