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Issuance Service ( EIS ) programme was launched , allowing the European Commission to issue debt issued into the National Bank of Belgium Securities Settlement System ( NBB-SSS ). By May 2024 , it was reported that over ¤ 50 billion was outstanding . In collaboration with the local banking association , the Belgian paying agents have been working on the standardisation of the proxy voting instructions . The market as a whole has remained steady from 2023 , with an overall rating of Good by respondents . This score has seen a slight shift of 0.05 decimal places over the last 12 months .

BNP Paribas In line with the market average , BNP Paribas has seen a slight increase in its overall rating ( up 0.03 ) and sits comfortably within the Good range . The headline figure of the year concerns Securities Lending ( 5.46 ), which has seen a notable uptick of 56 basis points . This may come as little surprise , given the custodian ’ s launch of its Agency Securities Lending platform , which was introduced last year . Client Service ( 5.72 ) has seen a 0.38 drop in rating , despite one client commending the “ excellent support before and during implementation of CSDR ” as well as how the client service team offers “ ongoing support with fast turnaround to queries ”.

Intesa Sanpaolo An improvement in the number of respondents has this year earned Intesa Sanpaolo a full write-up . With an average overall score of 5.78 , all of Intesa Sanpaolo ’ s scores sit within the Good and Very Good range , and more importantly

– all bar one category ( Liquidity Management 5.20 ) has beaten the global average . It is Account Management and Relationship Management , both at 6.24 , which have received the highest scores . Clients are quick to praise the provider , especially for its responsiveness , mentioned by numerous respondents , who generally seem very happy with the service provided by Intesa Sanpaolo .

54 Global Custodian Fall 2024