BNP Paribas is pleased to announce that it has signed a referral agreement with Credit Suisse to support their Prime Services and Derivatives Clearing customers in their selection of alternative providers for such services, in order to ensure a smooth migration of Credit Suisse business in the context of its recently announced exit from Prime Services activities.
Credit Suisse will support affected customers as they select alternative Prime Services providers of their choice. Should customers seek to benefit from the referral agreement between BNP Paribas and Credit Suisse, there will be a streamlined process in place to facilitate them obtaining Prime Services from BNP Paribas, under its terms.
BNP Paribas is a leading bank in Europe with an international reach. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.