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Austrian stock market , Vienna Stock Exchange Austrian Traded Index , has seen a steady increase , growing 5.07 % ( at the time of writing ). When it comes to the sub-custody market , in December 2023 the major news emanating from the country was that BNP Paribas is being selected by Goldman Sachs to provide custody and settlement services to its assets in Austria . Taking a closer look at the data , there has been a downward shift in the overall rating this year , with the average score falling 17 basis points to 5.11 ( Good ). The largest decline was seen in the Secuirites Lending category , which fell 0.65 yearon-year to 4.35 . On the flip side , Asset Safety has seen the largest uptick in rating , jumping 10 basis points on last year ’ s score to reach 5.48 .

BNP Paribas For BNP Paribas , Asset Safety and Risk Management ( 6.04 ) has the highest score , and has seen quite the uptick , increasing by 40 basis points from the previous year . Unlike the Austrian market as a whole , BNP Paribas ’ s scores all sit within the Good and Very Good range , with the exception of Securities Lending ( 4.33 ). It should be noted that

BNP Paribas has seen a slight drop in overall rating from 2023 . The bank ’ s overall average rating ( 5.35 ), however , still sits well above the market overall average ( 5.11 ).

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