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-BNP Paribas to offer Clearing Member services.

Global Banking News-May 2, 2013--BNP Paribas to offer Clearing Member services(C)2013 ENPublishing -

Global Banking News - 02 May 2013

BNP Paribas (BNPP.PA) has announced a plan to offer clearing member services.

Nodal Exchange, LLC and BNP Paribas (BNPP.PA) announced today that BNP Paribas Commodity Futures Limited, through its LCH.Clearnet membership, has become a Clearing Member for Nodal Exchange.

Tim Knight, Global head of BNP Paribas Commodity Futures Limited, said, 'We have recently seen an upsurge in client demand for the provision of clearing access for power futures contracts. In response to this growing interest in the market, we are pleased to offer such clearing services for Nodal Exchange in order to meet clients' risk management needs.'

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Publication:Global Banking News (GBN)
Date:May 2, 2013
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