Zurich Financial Services Group (Zurich) and BNP Paribas (BNPP) have agreed on a framework for the transfer of derivative transactions and credit facilities and related assets by Zurich Capital Markets (ZCM) to BNPP.
BNP Paribas has taken over responsibility for servicing these transactions, and relevant ZCM employees have transferred to BNPP. Zurich and BNPP expect to conclude individual agreements for the transfer of specific transactions and facilities over the coming months.
Was this article valuable?
Here are more articles you may enjoy.
Litigation Finance Hits a Wall After Bets on Huge Gains Falter 
Lawsuit Over Burger King’s Whopper Ads Set Back by Federal Judge 
North Carolina Motorist Tells 911: Eagle Dropped a Cat Through the Windshield 
‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3, Says CIAB 
