Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. UniSuper picks BNP Paribas for triparty collateral services
Industry news

UniSuper picks BNP Paribas for triparty collateral services


25 September 2023 Australia
Reporter: Jamie Richards

Generic business image for news article
Image: ImageFlow/stock.adobe.com
Australian superannuation fund UniSuper has selected BNP Paribas’ Â鶹´«Ã½ Services to provide triparty collateral services for its trading activity.

This appointment aims to help UniSuper meet its initial margin rules obligations, which require financial institutions to post collateral to back up their non-cleared over-the-counter (OTC) derivatives trades to mitigate counterparty risk.

UniSuper and BNP Paribas established a working relationship when BNP Paribas began to provide custody services to the fund in 2015.

Dharmendra Dayabhai, head of portfolio analysis and implementation at UniSuper, says: “When selecting a collateral manager, we looked at what other areas of our business would benefit and saw the potential optimisation advantage in combining the roles of the custodian, collateral manager and securities lending agent.

“By choosing BNP Paribas, we achieve significant operational efficiencies alongside future optionality in regards to trading and access to liquidity.â€

Natalie Floate, APAC head of markets and financing services at BNP Paribas’ Â鶹´«Ã½ Services, says: “Going live with our collateral management services in Australia is another step forward in the evolution of our partnership with one of Australia’s leading superannuation funds.â€
← Previous industry article

UOB joins LCH’s SwapClear and ForexClear
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ BNP Paribas

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral
→ Custodian
→ Liquidity

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →