China Government Securities Depository Trust & Clearing Co. Ltd, the Chinese central securities depository, is opening a link with Clearstream, the international central securities depository within the Deutsche Boerse Group.
By the end of August 2007, qualified members of CDC will be able to settle and safekeep international securities via CDC’s account with Clearstream. This link will facilitate access to post-trade services for financial institutions in China and provide them with opportunities in international markets. Prior to this link, Clearstream and CDC signed a ‘Memorandum of Understanding’ in 2005, clearly showing Deutsche Boerse Group’s commitment to Asia.
“We are pleased to deliver enhanced services to market participants in the region and to further participate to the development of the Chinese Capital Markets,” says Philippe Metoudi, Director relationship management for Asia-Pacific, Middle East and Africa.
China Government Securities Depository Trust & Clearing Co. Ltd was established in 1996 to provide custody, settlement and information services for government securities, policy financial bond, corporate bonds and asset-backed securities, money market instruments and over-the-counter transactions.