NZX is pleased to announce that BNP Paribas will become a General Clearing Participant for the NZX Derivatives Market
General Clearing Participants provide the vital link from customer to clearing house, settling and clearing trades on behalf of all NZX trading participant clients.
BNP Paribas is a leading international bank with a AA credit rating from Standard & Poor’s, a local presence in New Zealand and deep expertise in the global commodities financing, clearing and execution business.
“BNP Paribas’ global reach, local market knowledge and expertise in commodities makes them an ideal partner for NZX in delivering a world-class derivatives market,” said NZX CEO Mark Weldon.
The launch of the region’s first cash settled dairy derivative product on the NZX Derivatives Market brings an important risk management tool for the global dairy industry and in particular, provides a solution to help farmers hedge their income volatility.