Deutsche Bank has received Approval-in-Principle to become a Bank Clearing Member of the Central Depository on the Singapore Exchange (SGX).
The Approval-in-Principle will allow the Bank to offer third party clearing services for the SGX and thereby expand its existing suite of custody and related products in Singapore.
Together with the Bank’s approval as a General Clearing Participant on the Hong Kong Stock Exchange earlier this year, this enables the Bank to provide third party clearing for equity and debt products to clients who are members of the Singapore or Hong Kong Stock Exchange, further expanding its service offering to the broker dealer community in key markets in Asia.-