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BNP Paribas launches unique online trading platform to market structured credit linked notes and hybrid notes to private bank and institutional clients

London - BNP Paribas has launched a unique online trading platform called ‘CredIM', which is designed to market corporate bonds, structured credit-linked notes, as well as equity and fixed income hybrid notes on a massive global scale. CredIM is the only trading platform of its kind and provides real-time liquidity and a valuation service to retail, private bank and institutional clients.

The launch of the CredIM trading platform is linked to a strategic move by BNP Paribas towards structured retail business, not only through the firm's own retail, private banking and online network, but also through third party distributors.

Farid Amellal, Global Head of Credit Trading at BNP Paribas says: “In a more competitive environment where credit spread levels are tightening, the CredIM trading platform provides a quality service to BNP Paribas' clients on all levels; from innovation and flexibility, to transparency and liquidity."

Using the latest real-time technology, the CredIM trading platform aims to provide quotations directly to exchanges in 2005 - the first targets being the Swiss, German and Euronext stock exchanges. The first catalogue of notes is already being quoted with a tight bid-offer spread.

The BNP Paribas Structured Credit Market-Making desk provides tight bid-ask tradable quotes on the LiveCredit real-time trading web-platform from 9am to 4pm London time. The same tight bid-offer quotes are published to Bloomberg (BPSC) and Reuters (CREDITTRADING).

The BNP Paribas LiveCredit website also provides a unique integrated service, which ranges from real-time quotes for corporate bonds, structured and hybrid notes, through news and research, product libraries and termsheets, to an inventory and post-trade section. Full access to CredIM via LiveCredit will be available to clients at the end of the year.