Stock lending and repo a part of CACEIS renewal
24 June 2014 Paris
Image: Shutterstock
French insurer CNP Assurances has mandated CACEIS as its custodian for another five years.
Under the agreement, CACEIS will act as custodian for 鈧�280 billion in assets and will provide collateral management, stock lending and repo processing, settlement bank services, registrar, general assembly meetings, and selected back-office processing of non-listed investments.
鈥淥ver the years, we have built a relationship based on confidence with CNP Assurances, following their daily activities and accompanying them with their projects, 鈥� said CACEIS deputy CEO Joseph Saliba.
Saliba added: 鈥淥ur principal objective in honoring the renewal of this mandate will be to reinforce the links between our two groups.鈥�
鈥淲e are committed as a partner of choice for CNP Assurances by adapting our service offer to the needs of our client and the changing regulatory landscape.鈥�
Under the agreement, CACEIS will act as custodian for 鈧�280 billion in assets and will provide collateral management, stock lending and repo processing, settlement bank services, registrar, general assembly meetings, and selected back-office processing of non-listed investments.
鈥淥ver the years, we have built a relationship based on confidence with CNP Assurances, following their daily activities and accompanying them with their projects, 鈥� said CACEIS deputy CEO Joseph Saliba.
Saliba added: 鈥淥ur principal objective in honoring the renewal of this mandate will be to reinforce the links between our two groups.鈥�
鈥淲e are committed as a partner of choice for CNP Assurances by adapting our service offer to the needs of our client and the changing regulatory landscape.鈥�
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