-5 hours (ET)
|Equities||Corporate bonds||Government bonds||Derivatives US Options||Derivatives futures|
|Primary dealers||AMEX, BOX, CBOE, ISE, NASDAQ, NYSE, PHLX||CME Group|
|Settlement and custody||DTCC||DTCC||FED||n/a||n/a|
Trade settlement cash tolerance is USD 10.
Treasury Market Practice Group (TMPG): For US Treasuries or Agency Debt where non-members of FICC are involved, or on any trades in Agency Mortgage-Backed Securities, the buyer can submit a claim to the seller. The recommended threshold is aggregated cumulative fails charges in amounts greater than USD 500, between the two counterparties for a given month.
SEC Regulation SHO: Under Rule 204, the participant must close out a fail to deliver for a short sale transaction on the settlement day following the settlement date (T+4). If the fail resulted from a long sale, or is attributable to bona-fide market making activities, the participant must close out the fail on the third settlement day following the settlement date (T+6).
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.
Advanced technologies, dual-office operations and customised client services are among the elements that distinguish BNP Paribas within the US custody space. Additionally, a single system for local and global custody offers clients reduced fails, better cut-off times and more competitive pricing.
We offer local custody to domestic and foreign institutions. Our core services include settlement, safekeeping, corporate actions, proxy services, cash and collateral management.
BNP Paribas has been present in the US since the late 1800s and offers a full range of services from investment and retail banking to asset management services. While the legal entity is BNP Paribas New York Branch, we operate within BNP Paribas Securities Services, which is a wholly-owned subsidiary of BNP Paribas Group.
For more information, please contact your relationship manager or
Wayne Finnegan Head of Sales and Relationship Management – North America