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Market Passport for Banks and Brokers
Market information
Supporting you
Key market information
Local currencyEuro
(EUR)
2017 GDPUSD
2,584bn
Time zoneGMT
+1 hour
Numbering
systemISIN
Main stock
exchange indexCAC 40
Key market figures (Euronext total)
Local market infrastructures
| Equities | Corporate bonds | Government bonds | Derivatives | |
|---|---|---|---|---|
| Main trading venue | NYSE Euronext | NYSE Euronext | NYSE Euronext | Euronext |
| Main clearing venue | LCH.Clearnet SA | LCH.Clearnet SA | LCH.Clearnet SA | LCH.Clearnet SA |
| Settlement and custody | Euroclear France | Euroclear France | Euroclear France | n/a |
| Cash leg | Central bank (TARGET2) | Central bank (TARGET2) | Central bank (TARGET2) | n/a |
Local market authorities and regulators
- The Autorité des Marchés Financiers (AMF) is in charge of safeguarding investments in financial instruments, and of the good health of financial markets in general
- The Banque de France, the central bank, is responsible for supervising activities of financial institutions
Market practices (ALL TIMES ARE LOCAL)
- Up to EUR 100,000 trade value: EUR 2.00
- Over EUR 100,000 trade value: EUR 25.00
Fail penalty fees (not applicable to non-guaranteed postings)
- A fixed fee of EUR 15, plus
- A variable fee (EONIA-based rate + 1%)/360 x amount
The invoicing of penalties applies per open business day on each fail per ISIN code, per Delivery Account (all settlement dates aggregated) and per Clearing Member.
A fee of EUR 150 is charged for each buy-in process initiated by LCH.Clearnet SA in addition to any amount due to meet the cost of purchasing the securities.
Something interesting to know before you visit us in France
Louis XIX was the king of France for just 20 minutes. He became king in 1830 after his father abdicated, then almost immediately abdicated himself in favour of his nephew, the Duke of Bordeaux.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
Supporting you
BNP Paribas Securities Services in France
We are the largest post-trade market player in France, capable of handling extensive volumes and sophisticated transactions.
Our main services
Core
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on‑exchange clearing, safekeeping, corporate actions, cash and collateral management and proxy services.
Market-specific
- Financing and fail coverage
- Full range of collateral management services, including tri-party collateral management
- Broker-dealer outsourcing
- Global custody access point
- Corporate trust services
What makes us different
- Leading position on Euronext markets
- Extensive expertise on the French market, and close working relationships with market infrastructures and regulators
- Comprehensive suite of solutions across all asset classes
- Centre of excellence for innovation located in the Paris office
Selected market recognition
- Global Investor Investment Excellence Awards (2018): Sub-Custody Survey Winner – Multi-market EMEA for France
- Custody Risk Global Awards (2017): Custodian of the Year – France
A sound partner
BNP Paribas Securities Services is a wholly-owned subsidiary of BNP Paribas SA, with a longstanding presence in France for over 35 years. Today, more than 3,000 specialists are dedicated to clients from our Paris head office.
Contact
For more information, please contact your relationship manager or
Kalypso Tiga, Head of Relationship Management, France
kalypso.tiga@bnpparibas.com
Something interesting to know before you visit us in France
Louis XIX was the king of France for just 20 minutes. He became king in 1830 after his father abdicated, then almost immediately abdicated himself in favour of his nephew, the Duke of Bordeaux.