Banque de France

Bank Notes and Security Features. Banque de France, http //www.banque-france.fr/gb/billets/main.htm... 

If a participant has insufficient funds to settle a security transfer during the day, the Banque de France automatically enters into a repo trade with it to guarantee final payment this eliminates intraday cash shortfall, thus reducing intraday settlement risk. 

Repo trades initiated by the Banque de France are settled by close-of-business that day. Thus irrevocable settlement is guaranteed by the Banque de France, and the use of these intraday repos provides liquidity in central bank money to the bank money transfer system, known as TBF. 

Heavy water also impressed the French team, a fact Joliot pased on to the French Minister of Armament, Raoul Dautry. When Dautry heard about the German bid for Norsk Hydro s supply he decided to win the water for France. A French bank, the Banque de Paris et des Pays Bas, controlled a majority interest in the Norwegian company and a former bank officer, Jacques Allier, was now a lieutenant in Dautry s ministry. Dautry briefed the balding, bespectacled Allier with Joliot on hand on February 20 the minister wanted the lieutenant to lead a team of French secret-service agents to Norway to acquire the heavy water. 

The financial structure of the Syndicat National des Mati res Colorantes (SNMC) was mapped out in November 1916. The Syndicate, which was to issue 20,000 shares, was to be the pivot of a new Compagnie Nationale des Matieres Colorantes (CNMC) - created in January 1917 - which was to issue 80,000 shares. The constitution of the Syndicat was handed by the Banque de Paris et des Pays-Bas and Etablissements Kuhlmann. They formed the first nucleus of major shareholders (Table 3), subscribing the first 20000 shares at 500 francs each, for a total of FIO million. The other 60,000 shares were sold to the public, including 12,000 shareholders who were to get only a few shares each. ... 

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