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BNP Paribas accredited as depository participant

Operational Update10 April 2019NZXFinancials

NZX Limited
Level 1, NZX Centre

11 Cable Street

PO Box 2959

Wellington 6140

New Zealand

Tel +64 4 472 7599


www.nzx.com


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11 April 2019


BNP Paribas Securities Services accredited as depository participant


NZX has accredited BNP Paribas Securities Services* as a depository participant of the New

Zealand Clearing and Depository Corporation Limited (NZX Clearing).


BNP Paribas Securities Services is the first global custodian to join NZX Clearing Depository

since it was founded in 2010. This accreditation continues BNP Paribas Securities Services’

ability to offer differentiated and innovative services to their clients, including bringing buy-side

and sell-side clients closer together in the market.


BNP Paribas’ Location Manager of the New Zealand business Doug Cameron, said: “We are

delighted with this accreditation which enables us to offer market participants an agnostic

approach for depository and settlement channels. The NZX depository access aligns with our

Augmented Custody programme which aims to increase process automation and achieve faster

corporate actions and income announcements.


This initiative compliments our strategy to access new market segments and bring new

solutions to our global sell-side clients.” concluded Mr. Cameron.


NZX Executive Director for Markets Development & Clearing, Benjamin Phillips, commented:

“The accreditation of BNP Paribas Securities Services’ reinforces NZX’s commitment to provide

the New Zealand market with an increasingly efficient, innovative and cost effective central

securities depository service.”


“This accreditation will continue to ensure NZX provides investors in our capital market with

greater choice in relation to the way their financial assets are held, and the cost they incur for

central securities depository services.”


BNP Paribas Securities Services Participant accreditation is effective immediately.


BNP Paribas Securities Services accreditation follows Hobson Wealth Partners Limited

accreditation as an NZX cash market trading and clearing participant in July 2018. These

accreditations underpin NZX’s commitment to increasing participation within the exchange to

provide greater choice for investors looking to access the New Zealand market.


About BNP Paribas Securities Services (www.securities.bnpparibas.com)

BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a

leading global custodian and securities services provider. Backed by the strength of the BNP

Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-

side market participants, corporates and issuers. With local expertise in 36 countries and a

global reach covering 90+ markets, our network is one of the most extensive in the industry,

enabling clients to maximise their investment opportunities worldwide


*BNP Paribas Securities Services Australia branch has been accredited as a Depository

Participant and Legal Title Transfer Depository Participant. BNP Paribas Securities Services’

wholly owned subsidiary BNP Paribas Fund Services Australasia Pty Ltd (BPFSA) operates in


New Zealand. BPFSA is an Australian incorporated company which is registered with the New

Zealand Companies Office and also registered under the Financial Service Providers

(Registration and Dispute Resolution) Act 2008.


For further information please contact:

Hannah Lynch

Head of Communications

T: 09 308 3710

M: 021 252 8990

E: hannah.lynch@nzx.com

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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