BNP Paribas’ Securities Services has been mandated by ProCapital to provide a wide range of services covering the latter’s European markets. At the centre of the mandate is BNP Paribas’ Execution-to-Custody solution, which enables the automation of transaction flows from execution to settlement.
The new mandate includes local and global custody, clearing, securities lending, AutoForex, as well as the execution and clearing of listed derivatives. ProCapital is an investment services provider and subsidiary of French bank Crédit Mutuel Arkéa.
BNP Paribas’ Execution-to-Custody solution enables the integration of cash equities trade execution in Germany, Switzerland, and Austria with local and global custody. It combines the execution capabilities of the Global Markets business line with the custody and settlement functions of the Securities Services business line to help streamline transaction flows.
Additionally, ProCapital will also be using the centralised booking model offered by BNP Paribas’ Securities Services, which offers direct access to multiple European markets through an infrastructure for clearing, settlement, and local custody.
The new mandate represents an extension of the relationship between the two organisations – BNP Paribas’ Securities Services has been providing ProCapital with custody services in the US since 2021.
