Thanks to efforts carried out by the Network Management team with support from the Global Custody Operations Center (GCOC) teams and the legal department, BNP Paribas Securities Services has become the only French bank and one of the only European banks to receive QFI and FIP status.
Clients may now take advantage of FIP status to gain access to the book-entry Japanese government debt market, operated by the Bank of Japan.
In addition, QFI status entitles them to a tax exemption on interest from Japanese government debt securities held within the Bank of Japan system.

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