Stock lending and repo a part of CACEIS renewal
24 June 2014 Paris
Image: Shutterstock
French insurer CNP Assurances has mandated CACEIS as its custodian for another five years.
Under the agreement, CACEIS will act as custodian for €280 billion in assets and will provide collateral management, stock lending and repo processing, settlement bank services, registrar, general assembly meetings, and selected back-office processing of non-listed investments.
“Over the years, we have built a relationship based on confidence with CNP Assurances, following their daily activities and accompanying them with their projects, ” said CACEIS deputy CEO Joseph Saliba.
Saliba added: “Our principal objective in honoring the renewal of this mandate will be to reinforce the links between our two groups.”
“We are committed as a partner of choice for CNP Assurances by adapting our service offer to the needs of our client and the changing regulatory landscape.”
Under the agreement, CACEIS will act as custodian for €280 billion in assets and will provide collateral management, stock lending and repo processing, settlement bank services, registrar, general assembly meetings, and selected back-office processing of non-listed investments.
“Over the years, we have built a relationship based on confidence with CNP Assurances, following their daily activities and accompanying them with their projects, ” said CACEIS deputy CEO Joseph Saliba.
Saliba added: “Our principal objective in honoring the renewal of this mandate will be to reinforce the links between our two groups.”
“We are committed as a partner of choice for CNP Assurances by adapting our service offer to the needs of our client and the changing regulatory landscape.”
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 Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
