Market practices in France
| France |
| Name of National Central Bank |
Banque de France |
| Collateral management helpdesk |
bopm@banque-france.fr |
| Phone number of the CCBM unit |
+ 33 1 42 92 27 16 / + 33 1 40 28 86 13 |
| Fax number of the CCBM unit |
+ 33 1 42 92 61 63 / +33 1 42 92 41 90 |
| Foreign counterparties’ contact for credit claim related issues |
Eliane KLEIN (+ 33 1 42 92 41 18) / Colette KRUPP (+ 33 1 42 92 69 93) |
| Publications describing local legal and operational procedures |
Monetary policy operations |
| Legal and Procedural Aspects |
| Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable) |
Banque de France as HCB (pledge) |
| Procedural aspects governing a pledge towards the NCB and legal documentation used (if applicable) |
Banque de France as CCB (repo) : n.a.
|
|
Specific procedures governing non-marketable assets
|
Cross-border use of credit claims |
| Technical Aspects |
Euroclear France |
Banque de France |
| Type of eligible assets held |
All eligible assets (except credit claims) |
Non-marketable assets (credit claims) |
| Opening hours |
8.00 a.m.–5.30 p.m. (for same day settlement) |
8.30 a.m.–5.00 p.m. |
| Number of settlement cycles per day |
Real-time gross system (RTGS) |
No settlement cycle; transactions can be forwarded to Banque de France during CCBM opening hours |
| BIC of SSS(s) |
SICVFRPPXXX |
BDFEFRPPXXX |
| Account of NCB in the SSS |
282 |
n.a. |
| HCB's sub accounts in the SSS (where applicable) |
n.a. |
n.a. |
| Matching requirements |
Yes |
n.a. |
| Matching/Settlement details |
Instructions are matched against the following elements :
- Nature of operation (purchase or sale)
- Correspondent account numbers
- If the correspondent is an ICSD, the numbered account of the counterparty in the ICSD
- Trade date
- Settlement date
- ISIN code of the asset
- Amount of the asset
- Type of the asset
- Currency of the asset
- Type of instruction (LG = fop)
|
|
| Special Operating Procedures |
No special procedure for CCBM |
|
| Homepage of SSS |
www.euroclearfrance.com |
|
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