Sydney, November 2nd, 2017 - BNP Paribas Securities Services is the first custodian to implement ASX's near real-time ReferencePoint ISO 20022 Corporate Actions announcement service using SWIFT global messaging.
The new service, built and developed by ASX, allows straight-through delivery of corporate actions announcements to clients within seconds of the announcement being made to the broader market. The implementation by BNP Paribas in September underlines its commitment to bringing digital innovations to its clients.
The ASX service represents the first step towards a fully automated end-to-end solution, removing many of the inefficiencies that exist in the processing of corporate actions.
Luc Renard, head of Financial Intermediaries and Corporate clients, Asia Pacific at BNP Paribas Securities Services, said:
"Working with the ASX, we are the first custodian able to send our clients their corporate action notices within seconds, rather than hours. This latest enhancement is part of our Augmented Custody programme, which is designed to make our custody processes more efficient, and complements the work we are currently undertaking to manage the corporate actions announcement process using blockchain technology.”
ASX is among the first exchanges in the world to support ISO 20022, the latest international securities messaging standard for corporate actions. As part of a number of major initiatives in the post-trade space, ASX is enhancing its ISO 20022 offering to capture and disseminate all corporate action events. ReferencePoint is ASX’s flagship reference data and corporate action service, used widely by trading participant back-offices, information vendors, and other data distributors.
David Raper, Executive General Manager, Trading Services at ASX, said:
“ASX is setting the pace for providing straight-through processing for issuer announcements, and the fact that BNP Paribas is the first custodian in Australia to embrace this new technology confirms the team’s reputation for innovation. We are delivering the highest levels of performance with real-time corporate action event processing and message standardisation to improve efficiencies throughout the post-trade cycle. ReferencePoint enables clients to reduce complexity and simplify their post-trade processes.”
Matthew Gibbs firstname.lastname@example.org +61 (0)2 9227 0218
Vanessa Thevenet email@example.com +61 (0)2 9619 6324
About ASX (http://www.asx.com.au)
ASX operates at the heart of Australia’s financial markets. Our integrated listings, trading, clearing and settlement businesses provide customers with efficient access to and exchange of capital, management of risk, and provision of data and other solutions. ASX operates across multiple asset classes including equities, fixed income, commodities and energy.
ASX is the global leader in A$ and NZ$ financial markets, one of the top 10 securities exchanges in the world and the largest interest rate derivatives market in Asia. We have trading hubs in many of the world’s major financial centres, attract company listings from all around the globe and are based in Australia, which has one of the five largest pools of investable assets in the world.
ASX operates and invests in the infrastructure that promotes the stability and development of Australia's financial markets, and advocates regulations that support investors and issuers, promote market integrity and strengthen Australia’s global competitiveness.
ASX’s vision is to be the world’s most respected financial marketplace.
About ASX Information Services
ASX provides pricing and company information through various products and services which include MarketSource, ComNews and ReferencePoint. We provide real-time, objective market information to market professionals and distributors which include data vendors, newsplatforms, web portals, investors, traders, and analysts. ASX’s supply of real-time data is supported by our state-of-the-art technology located in the Australian Liquidity Centre (ALC).
More information about ASX’s Information Services can be found at asx.com.au/information-services or follow us on LinkedIn or Twitter @ASX.
About BNP Paribas in Australia (www.bnpparibas.com.au)
BNP Paribas provides world-class financial solutions to local and global institutions, corporates and financial intermediaries. Our international network provides Australian clients access to the world, while our local presence supports global clients’ development in Australia and Asia Pacific. BNP Paribas is the oldest foreign bank in the country (established in Australia in 1881) and today has three core businesses: corporate & institutional banking, securities services and asset management.
BNP Paribas employs over 500 people across Australia and New Zealand with a presence in Sydney, Melbourne, Perth, Auckland and Wellington.
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, it provides multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With offices in 34 countries and a global reach covering more than 90 markets, the network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
BNP Paribas Securities Services is incorporated in France as a partnership limited by shares and is authorised and supervised by the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and the AMF (Autorité des Marchés Financiers). BNP Paribas Securities Services ARBN 149 440 291 (AFSL No: 402467) is registered in Australia as a foreign company under the Corporations Act 2001(Cth) and is a foreign ADI within the meaning of s 5(1) of the Banking Act 1959.
The information contained within this document (‘information’) is believed to be reliable but neither BNP Paribas Securities