Crédit Agricole selects CACEIS for derivative clearing
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Crédit Agricole selects CACEIS for derivative clearing 24 July 2018Paris Reporter: Becky Butcher
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CACEIS has been appointed by Crédit Agricole to serve as its main listed derivatives clearers.
The clearing offer is part of CACEIS's Market Solutions package, which includes execution,
clearing, securities lending, collateral management, foreign exchange (FX) and cash management.
Crédit Agricole has also chosen to outsource its listed derivatives back office to CACEIS.
Joe Saliba, deputy CEO of CACEIS, commented: "Within Crédit Agricole's Large Client
division, Crédit Agricole CIB and CACEIS are committed to developing value-creating
partnerships. Crédit Agricole CIB can count on CACEIS's expertise in processing derivatives. I
look forward to the continued strengthening of our relationship."
Eric Lechaudel, global head of operations of Crédit Agricole CIB, added: "By entrusting the
clearing and processing of our listed derivatives to CACEIS, we benefit from their broad
coverage of markets and products such as equities, indices, dividends, rates, FX, raw
materials etc. We are delighted with this new collaboration with CACEIS.”
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