BNP Paribas Securities Services has expanded its European clearing capabilities by offering third party clearing of bonds in France, Spain and Italy, Finextra reports. Earlier, market participants looking to clear fixed-income products in these markets had to become direct members of a central counterparty (CCP). By widening its global clearing membership of LCH.Clearnet and CC&G to include fixed income, the French bank now provides market participants with a complete set of solutions to optimize their post-trade processes and liquidity requirements. BNP Paribas may also extend its memberships onto other CCPs to support client demand and volume growth.
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