BNP Paribas’s Securities Services business, a leading global custodian with USD 11.9 trillion in assets under custody1, has been appointed by Corporación Andina de Fomento (CAF), the development bank of Latin America and the Caribbean, to be their agent lender for its USD 1.3 billion portfolio.
CAF will access the bank’s securities services’ third party client global lending model, allowing them to have more than 100 counterparties across the globe and expand their portfolio revenues. In 2020, BNP Paribas supported the issuance of CAF’s Covid-19 recovery bond, and the selection comes as a result of a long-standing relationship between BNP Paribas and CAF in the Latin America region and beyond.
As the development bank for Latin America, CAF promotes a sustainable development model in the region through its pillars of equity, efficiency, sustainability, institutionally, and integration.
Gabriel Felpeto, Chief Financial Officer at CAF, said: “We are delighted to continue growing in partnership with BNP Paribas. This milestone allows us to enhance our portfolio revenues in Latin America and the Caribbean and strengthening our commitment to sustainable development in the region.”
Claudia Calderon, Head of Hispanic LatAm, Securities Services at BNP Paribas, said: “We are very pleased to continue building upon the strong partnership BNP Paribas has developed with CAF over the past few years. We are delighted to add them to our selective portfolio of securities lending clients and as the first Supranational entity in LatAm to join our programme.”
[1] As of 31 December 2022. Source: Securities Services at BNP Paribas.
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About Securities Services at BNP Paribas (securities.cib.bnpparibas)
BNP Paribas’s Securities Services business is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, its custody network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide
Disclaimer
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas Securities Services does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas Securities Services’ judgment and are subject to change without notice. BNP Paribas Securities Services and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request.
BNP Paribas Securities Services is incorporated in France as a Partnership Limited by Shares and is authorised and supervised by the European Central Bank (ECB), the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and the AMF (Autorité des Marchés Financiers).
In the UK, BNP Paribas Securities Services is authorised and regulated by the European Central Bank and the Autorité de Contrôle Prudentiel et de Résolution. Deemed authorised by the Prudential Regulation Authority and with deemed variation of permission. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. BNP Paribas Securities Services London Branch is registered in the UK under number FC023666. UK establishment number: BR006393. UK establishment office address: 10 Harewood Avenue, London NW1 6AA.
In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability. Services provided under this business line, including the services described in this document, if offered in the U.S., are offered through BNP Paribas acting through its New York Branch (which is duly authorised and licensed by the State of New York Department of Financial Services) or BNP Paribas Financial Services LLC, a limited liability company organised under the laws of the State of Delaware; if a securities product, through BNP Paribas Securities Corp. which is a broker-dealer registered with the Securities and Exchange Commission and a member of SIPC and the Financial Industry Regulatory Authority; or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission and a member of the National Futures Association.
