BNP Paribas extends clearing to Singapore

BNP Paribas extends clearing to Singapore

BNP Paribas Securities Services has joined the Singapore Exchange as a new clearing member of the central depository (CDP).

The move brings BNP Paribas a step closer in its plan to expand and solidify its presence in Asia.

It also brings a wider choice of clearing and settlement services to the marketplace.

“We look forward to providing our innovative clearing services to market participants, while further promoting the Singapore market to our worldwide client base,” said Bruno Campenon, the bank’s head of clearing, custody and settlement product management for Asia Pacific.

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