Crédit Agricole transfers equity derivatives portfolio to BNP Paribas
'Normal service’ to resume in January 2014 following the transfer of the €12.5 billion portfolio to BNP Paribas
The transfer of the notional €12.5 billion equity derivatives portfolio from Crédit Agricole Corporate and Investment Bank (CIB) to BNP Paribas Global Equities and Commodity Derivatives has been completed. BNP Paribas will be responsible for the hedge and, from January 2014, will ensure that secondary markets, valuations, reporting, client relationships and all other associated services are maintained for the products.
The deal requires the payment of an annual fee based on the size of the
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