BNP Paribas‘ Securities Services Business Selected by ProCapital to Provide Services in Europe

BNP Paribas‘ Securities Services business, a leading global custodian with EUR 13.7 trillion in assets under custody, has been mandated by ProCapital, an investment services provider and subsidiary of Crédit Mutuel Arkéa. The mandate covers European markets and includes local and global custody, clearing, securities lending, AutoForex, execution and clearing of listed derivatives. With this mandate, ProCapital benefits from BNP Paribas’ Execution-to-Custody solution, ensuring the integration of cash equities trade execution in Germany, Switzerland and Austria with their local and global custody. The Execution-to-Custody solution, combining the execution capabilities of the Global Markets business line with the custody and settlement offer of the Securities Services business, allows ProCapital to streamline and automate transactions flows, from execution to settlement, for the benefit of its clients. ProCapital also leverages the centralized booking model offered by Securities Services, which provides direct access to multiple European markets through a unique infrastructure for clearing, settlement and local custody. This new mandate extends ProCapital‘s relationship with BNP Paribas, whose Securities Services business has been providing them with local and global custody services in the United States since 2021.