Mandates and payments roundup, April 26

BNP Paribas launches clearing and custody services in India, while both China Guangfa Bank and Philippine Veterans Bank implement new banking solutions.

BNP Paribas introduces clearing and custody services in India

BNP Paribas has launched a local clearing and custody service in India. The bank’s clients are now able to use these services for a range of asset classes including corporate debt instruments and cash equities.

“We are delighted to announce the launch of our local clearing and custody service in India, and see this as another important step forward in our commitment to the region,” said Pierre-Alexandre Thome, head of securities services at BNP Paribas in Mumbai, in a statement. “We think India is one of the most exciting and dynamic markets in the world.”

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