Deutsche Bank launches a third party clearing service in the Polish market for remote members of the Warsaw Stock Exchange (WSE).
Deutsche Bank’s Domestic Custody Services will provide clearing services to its clients who are WSE members, transacting in equity and fixed income products on behalf of their Polish and global clients.
Third party remote membership clearing represents a significant enhancement to Deutsche Bank’s custody and related products in Poland.
“The introduction of third party remote membership clearing in Poland is a major step forward towards our objective of becoming the leading emerging markets securities servicing and clearing provider,” says Scott, head of Securities Clearing & Financing, Deutsche Bank.
“The addition of the WSE clearing service complements our existing products such as core custody, domestic fund services, domestic securities finance, and Polish zloty cash management, and is a further demonstration of Deutsche Bank’s commitment to the Polish market,” says Piotr Zaczek, head of Domestic Custody Services in Poland.