Clearstream and Korean CSD Announce Cross-Border Fund Partnership

The Korea Securities Depository (KSD) and Clearstream have signed a contractual framework establishing a new affiliation concerning cross-border investment fund distribution.

The contract, signed in Seoul, covers both direct and indirect forms of distribution, and will facilitate ties between KSD’s FundNet and Clearstream’s global fund processing platform Vestima.

This move will also help the opening of the Korean market to offshore funds, signaling a boost for Clearstream’s Asian fund investment strategy.

“In response to the diverse investment needs of customers, we decided to establish a link with Vestima, the largest global fund processing platform,” says Mr. Jaehoon Yoo, chairman and CEO of KSD, which is the sole central securities depository in Korea.