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


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

HERE launches highly secure, cost-saving OTA technology for connected and self-driving vehicles

HERE Technologies announced the launch of a new over-the-air (OTA) solution for automakers to use in connected vehicles. HERE OTA Connect resolves a critical problem: ensuring... Read more »

Americaneagle.com is now a part of OSPT Alliance Board

OSPT Alliance, the global community chartered to drive the future of... Read more »

identitii and Blue Prism Partner to Enable Banks to Securely Streamline Financial Transactions While Helping Detect Money Laundering and Fraud

 identitii, the company enabling the secure, trusted and auditable exchange of information within and between counterparty financial institutions, today... Read more »

iovation Launches New Capabilities to Its Fraud Prevention Solution

 iovation, the leading provider of device reputation and behavioral insights for fraud... Read more »

AimBrain On Demand launched by AimBrain provides free-for-life platform to switch from passwords and PINS to another level of identity authentication

Disruptive model encourages innovation by providing self-service identity management tools to technical and creative audiences

... Read more »

More Than Two Thirds of Companies Not Confident of Being Fully Compliant Ahead of GDPR Deadline

Data handling is number one concern relating to non-compliance


Read more »

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