Euroclear Bank and Central Latinoamericana de Valores (Latin Clear), the CSD of Panama, will launch an international link this month sponsored by Panama’s Ministry of Economy and Finance (MEF), providing global investors with access to Panama’s capital markets.
Panama is now Euroclear’s 46th country where it has a link to a CSD. The link will initially provide global investors with access to Panamanian government debt, and later, Latin Clear plans to connect corporate debt and equities as well.
“This innovative Euroclear international link makes use of a single post-trade platform for both domestic and international investors, thus creating a single pool of liquidity. We are delighted to be able to offer a robust solution based on our technology and expertise to the Panamanian capital markets and we look forward to helping the Republic of Panama achieve its strategic objective of becoming a key financial centre for Latin America,” says Stephan Pouyat, global head of International Markets for Euroclear.
“We are proud to say that Panama’s economy has the highest rate of growth in Latin America. In order to continue to contribute to this stellar economic performance, and to consolidate our position as a regional financial services hub, we are very pleased to be part of this initiative, led by Euroclear and Latin Clear, which will allow Panama to access a broader base of foreign investors and diversify our funding sources. The international link with Euroclear will be a defining moment in the way Panama’s issuers connect with domestic and international investors,” says MEF Viceminister of Finance, Darío A. Espinosa R.
“Panama has a reputation for capital market innovation in Latin America and this international link is no exception. Much like our famed canal connects two oceans to spur on trade, this partnership with Euroclear connects our market to all parts of the globe. By utilizing Euroclear’s proven infrastructure, we will be able to offer our investors and issuers access to a broad range of international counterparties…We believe that this international link can act as a springboard for Panama, increasing scalability and ensuring that our capital markets can seamlessly adapt to the levels of economic growth that our country has witnessed over the past decade,” says Iván Díaz G, CEO and general manager of Latin Clear.
Euroclear Links With Panama's CSD
Euroclear Bank and Central Latinoamericana de Valores (Latin Clear), the CSD of Panama, will launch an international link this month sponsored by Panama’s Ministry of Economy and Finance (MEF), providing global investors with access to Panama’s capital markets.