BNP Paribas Securities Services becomes the largest Third-Party ...

Hong Kong, 2 March 2011
PRESS RELEASE
BNP Paribas Securities Services becomes the
largest Third-Party Clearer in Hong Kong
BNP Paribas Securities Services (BP2S) is pleased to announce that it has become the largest
General Clearing Participant on the Hong Kong Stock Exchange (HKSE), clearing over 5% of the
value of the HKSE's daily turnover. This is a major milestone in the Bank's clearing settlement
and custody's business in Asia.
Drawing on BP2S' commanding position as global clearer across more than 19 markets in Asia
and Europe, this development is the result of a joint effort by the Bank and local regulators,
helping to continually shape and refine the framework for clearing in Hong Kong over the last 12
months.
The Bank's latest third party clearing (TPC) achievement is a project launched in cooperation
with BNP Paribas Global Equities and Commodity Derivatives (GECD) team in Asia, where GECD's
clients can immediately benefit from increased operational efficiencies across all sizes of
operation.
"By launching the largest TPC project to date in the region, we are delighted to have this
opportunity to further demonstrate our role as natural innovators in Hong Kong." commented
Bruno Campenon, Head of BNP Paribas Securities Services in Hong Kong. "This project is clear
evidence that the significant benefits of TPC can now be enjoyed by large, top-tier brokers,
helping them to manage their risk and their workforces more effectively."
Pierre Rousseau, Global Head of Global Equities and Commodity Derivatives, BNP Paribas Asia
Pacific, welcomed the developments. "Our clients will benefit from one of the most sophisticated
technical platforms and comprehensive trading and clearing solutions available in the market in
Asia. This will reduce clients' risk along the entire clearing and settlement process, and achieve
greater efficiencies in their equity trading operations."
This development is another indication of the growing trend towards outsourcing in Hong Kong,
as highlighted in BP2S's research report ('Back Office outsourcing: Where to draw the line?')
published in June 2010.
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Hong Kong, 2 March 2011
About BNP Paribas Securities Services
BNP Paribas Securities Services is a wholly-owned subsidiary of the BNP Paribas Group, delivering
flexibility and commitment, backed by the strength of a leading universal bank.
Operating across the investment cycle, we provide post-trade administration solutions to buy-side and
sell-side financial institutions and issuers. The Bank has a local presence across 32 countries and global
coverage of over 100 markets, offering a one-stop shop for all asset classes, both onshore and offshore,
across the globe.
With USD 6,237 billion of assets under custody, USD 1,026 billion assets under administration and over
6,000 funds administered as at 30 September 2010, BNP Paribas Securities Services is Europe’s leading
securities services provider and number 5 worldwide.
securities.bnpparibas.com
About BNP Paribas Corporate and Investment Banking
BNP Paribas Corporate and Investment Banking employs about 20,000 people in over 50 countries and
services 13,000 corporate and institutional clients worldwide.
BNP Paribas CIB excels in:
Derivatives - where it is one of the leading global players in rates, credit, forex, commodity and equity
derivatives.
Capital markets - where it is one of the top European houses in both ECM and DCM (bond, securitization,
convertibles and equity issuance)
Structured finance - where it is amongst the leaders in acquisition, export, project, energy and commodity
finance globally.
www.cib.bnpparibas.com
Press Contacts
Lilian Kung
Brenda Woo
+852 2909 8849 lilian.kung@asia.bnpparibas.com
+852 2909 8813 brenda.woo@asia.bnpparibas.com
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