Depositary bank & Trustee services

Safekeeping through our proprietary network and global operating model

• BNP Paribas’ global custody model covers 90+ markets, including 27 proprietary locations; 90%² of our clients’ assets are held in our own network
• We are a G-SIB backed by a strong European bank
• Our harmonised global operating model ensures that there is consistency across all locations when fulfilling the key depositary responsibilities of oversight, safekeeping and cash monitoring.

Local expertise and insights

• We have dedicated Depositary experts across all our locations, with specialist teams per asset class in our operational hubs, to ensure that our clients receive best in class Depositary services
• Our teams of experts actively engage with local and regional regulatory and industry bodies, providing insights to clients on key market changes and development

Oversight duties

Each client benefits from a Client Manager in their location, supported by our experienced team of professionals across 17 locations. Our service includes:

• Due diligence of fund manager and service providers
• Post trade compliance, investment and borrowing power monitoring using our scalable in-house system
• Controls on subscriptions and redemptions
• Timely settlement of transactions
• Net Asset Value (NAV) reviews

Cash monitoring

Our industralised and automated platform ensures a consistent approach to monitoring activities:

• Overview of all cash movements on a daily basis
• Identification and specific control of significant cash flows
• Monitoring and follow up of anomalies

Safekeeping

• Custody of global financial instruments, across a range of traditional and alternative asset classes
• Asset segregation of client assets from bank assets and proprietary assets in books of third-party custodians and CSDs
• Safekeeping of a wide variety of non-financial instruments