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Market Passport for Banks and Brokers
Market information
Supporting you
Key market information
Local currencyEuro
(EUR)
2017 GDPUSD
3,685bn
Time zoneGMT
+1 hour
Numbering
systemISIN
Main stock
exchange indexDAX
Key market figures
Local market infrastructures
| Equities | Corporate bonds | Government bonds | Derivatives | |
|---|---|---|---|---|
| Main trading venue | FSE | FSE | FSE | Eurex |
| Main clearing venue | Eurex Clearing AG | Eurex Clearing AG | Eurex Clearing AG | Eurex Clearing AG |
| Settlement and custody | CBF/CBL | CBF/CBL | CBF/CBL | n/a |
| Cash leg | Central bank (TARGET2) | Central bank (TARGET2) | Central bank (TARGET2) | n/a |
Local market authorities and regulators
- The Federal Financial Supervisory Authority (BaFin) conducts banking, insurance and securities markets supervision and ensures the proper functioning, stability and integrity of the financial system
- The Deutsche Bundesbank is the German central bank and plays a significant role in banking supervision
Market practices (ALL TIMES ARE LOCAL)
DVP RTS* 4.00pm
FoP RTS* 6.00pm
DVP RTS* 4.00pm
FoP RTS* 6.00pm
* Real Time Settlement only in case of bilateral agreement.
- Up to EUR 100,000 trade value: EUR 2.00
- Over EUR 100,000 trade value: EUR 25.00
Penalties exist only for bond settlements resulting from Eurex expiries.
CCP trade: 1st buy-in attempt on SD+5, 2nd buy-in attempt on SD+10, 3rd buy-in attempt on SD+27; Cash settlement on SD+30 to SD+36, next buy-in attempt SD+37.
Buy-in cost: 10% of outstanding buy-in amount (min EUR 250/CHF 400, max EUR 5,000/CHF 8,000).
Something interesting to know before you visit us in Germany
Germany has more football clubs and spectators than anywhere else in the world.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
Supporting you
BNP Paribas Securities Services in Germany
We are the largest depository bank in Germany, with a strong commitment to supporting financial intermediaries.
Our main services
Core
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on-exchange clearing, safekeeping, corporate actions, proxy services, cash and collateral management.
Market-specific
- Broker dealer outsourcing services
- Clearing and/or settlement services for on- and off-exchange activities
- Global custody access point
- Fund administration and middle office services for asset managers
- Corporate trust services for issuers
What makes us different
- One single partner to access the German and Austrian Markets: legal contract, Service Level Definition (SLD), account managers and relationship manager
- A major fund administration player in Germany following the 2018 strategic outsourcing partnership with DWS, one of the world’s leading asset managers
Selected market recognition
- Global Investor Sub-Custody Survey (2017): ranked first – unweighted
- Custody Risk Global Awards (2017): Custodian of the year for Germany
A sound partner
BNP Paribas Group has been active in Germany since 1947. BNP Paribas Securities Services Germany was created in 1995. It has constantly expanded since and has now 330 employees based in Frankfurt. With EUR 1,195 billion assets under custody and EUR 449 billion assets under administration (as at 31st July 2018), BNP Paribas Securities Services Frankfurt is the largest depository bank in Germany.
Contact
For more information, please contact your relationship manager or
Dietmar Roessler, Head of Sales and Relationship Management
dietmar.roessler@bnpparibas.com
Something interesting to know before you visit us in Germany
Germany has more football clubs and spectators than anywhere else in the world.