BNP Paribas Securities Services has been named custody and collateral manager by the Kingdom of Spain, Banking Business Review reports. Tesoro Público, an organization which designs and implements the funding strategy of the Spanish central government, has appointed the bank. The French lender will offer a fully integrated suite of collateral management for OTC derivatives and custody services. BNP Paribas’ collateral management platform will allow Tesoro Público to increase its collateral activity.
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