BNP Paribas named custodian for CME Clearing

 BNP Paribas Securities Services has been selected to provide custody services to CME Clearing, the clearing division of CME Inc, via its New York affiliate branch.

BNP Paribas is now one of CME Clearing’s approved custodians for US Treasury and federal agency securities. This means that CME clearing members now have an additional option to diversify their holdings of performance bond deposits, which are used for margin collateral.  

As a direct securities participant to the Federal Reserve in the US, BNP Paribas will help CME Clearing and its members enhance operational efficiency, as Fed-eligible securities are the main asset class for performance bond collateral.