With the imminent introduction of Express II, the new Italian settlement system, planned for December 2003, BP2S Milan has received a number of requests in recent months to discuss outsourcing solutions with Italian banks and brokers who are looking to give their settlement and clearing services to a third party securities services provider.
Thanks to the quality of our product and flexibility of our services, we have emerged as a leader in this very specialised field of settlement and custody services in Italy. In fact, our clients’ satisfaction has been highlighted by the GSCS Benchmarks magazine which in November published its 2003 ratings for Global Network Managers and Subcustodians. BP2S in Milan was ranked Number One in Italy, number one world-wide with 7 stars, and the only Bank Worldwide to secure the maximum three stars rating in Overall Performance.
Furthermore, the Global Custodian Survey recently published their 2003 Agent Bank Survey results, with BP2S Milan being confirmed as the number one top rated bank for the eighth consecutive year.
To know more about securities services : http://securities.bnpparibas.com