BNP Paribas Securities Services has been mandated by Peel Hunt, an independent corporate broking, advisory and trading house, as its international clearing and settlement provider.
It will provide Peel Hunt with a single agent solution for clearing and settlement services across 100+ markets, underpinned by an extensive proprietary network covering 26 markets.
The bank will also provide Peel Hunt with a synthetic value at risk solution including pooled cash positions across all markets and a consolidated view of risk across all activities to allow for collateral optimisation.
Sunil Dhall, chief financial and operating officer at Peel Hunt, said: “We were impressed with the robust service offering from BNP Paribas Securities Services, which provides a harmonised clearing offering for all trading venues and a tailor made set-up that meets our needs.”
Peel Hunt specialises in corporate broking, advisory, research, sales and trading, focusing on UK mid and small caps.