BCS Financial Group Streamlines Settlement and Custody Services with Euroclear Relationship

BCS Financial Group Streamlines Settlement and Custody Services with Euroclear Relationship
21.09.2015 01:00 am

BCS Financial Group Streamlines Settlement and Custody Services with Euroclear Relationship

Security

BCS Financial Group, the largest securities broker on the Moscow Exchange, has been granted access to Euroclear, the world’s largest international central securities depository, through BCS Prime Brokerage Limited.

By using Euroclear, BCS Financial Group will broaden its product offering, enhance its operational efficiency, reduce risks and optimise the costs of trading, settlement and custody services. 

BCS anticipates using Euroclear’s services in the European, UK (LSE IOB), US and Russian markets (local equities and government bonds).

Michael Barmettler, COO of Global Markets and Investment Banking at BCS Financial Group, said:

“This is another significant milestone for BCS, proving the stability and continuity of our national and international business and allowing us to further follow our growth strategy. We are always looking to develop and further expand our offering for clients. The Euroclear facilities broaden our transaction, settlement and custody services in a quick and cost efficient way. It helps reducing our risks, optimizing our cash and collateral management and further automating operations.”

Tim Bevan, CEO of BCS Prime Brokerage, added:                        

“The Euroclear membership is one of a number of building blocks BCS will put in place over the coming months. The membership approval proves our sustainable business strategy and allows further international expansion. We have managed to strengthen our business despite the difficult market conditions in 2014.”

Related News

Daon Reveals Biometrics to Visa ID Intelligence Scheme

Daon, an innovator of authentication and identity assurance solutions worldwide, announced today that it has been selected by Visa, the global payments technology company, to... Read more »

Accuity provides greater clarity on KYC risks

Accuity, the global financial crime compliance, payments and KYC solutions provider, announces the launch of Bankers Almanac Sanctions View. The new proposition allows... Read more »

Mitek Acquires ICAR, Strengthing Its Position As A Global Leader In Digital Identity Verification

Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identity verification... Read more »

Accuity unveils screening technology for transparent, traceable and auditable financial crime compliance

Accuity, the global financial crime compliance, payments and KYC solutions provider, today announced the launch of its latest generation of transaction screening technology... Read more »

FICO Doubles the Power of Cybersecurity Score to Predict Breaches

Silicon Valley analytics firm FICO today announced that the latest version of its FICO® Enterprise Security Score is twice as accurate at predicting a data breach... Read more »

Access to Apple’s NFC Chip Could Spur New Growth in Mobile Access Control Credentials, IHS Markit Says

44 Million Credentials Downloaded by 2021

Fewer than 1 million mobile credentials were downloaded by end users of mobile access solutions in 2016.... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53, +44 (0) 173 261 71 47 Download Our Mobile App