Independent corporate broker, advisory and trading house Peel Hunt has chosen BNP Paribas Securities Services as its international clearing and settlement provider.
BNP Paribas will provide a single-agent solution for clearing and settlement across more than 100 markets, underpinned by a proprietary network covering 26 markets.
The mandate will also include a synthetic value-at-risk solution, including pooled cash positions across all markets, and a consolidated view of all risk, allowing for better collateral optimisation.
Julien Kasparian, UK head of sales and relationship management for banks and brokers at BNP Paribas Securities Services, said: “Thanks to our multi-local model, Peel Hunt will benefit from the efficiencies of a centralised set-up combined with local market expertise and client support.”
Sunil Dhall, chief financial and operating officer at Peel Hunt, added: “We were impressed with the robust service offering from BNP Paribas Securities Services, which provides a harmonised clearing offering for all trading venues and a tailor-made set up that meets our needs.”
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