The membership gives the bank the opportunity to work closer with CSD and CCP members on a number of key industry topics.
HSBC's global co-heads of securities services explain their focus on unlocking the potential of the group’s overall universal banking model for its clients.
Standard Chartered hopes the move will boost acceptance of Chinese debt as collateral for its foreign investor clients.
Research from Standard Chartered highlighted that China's FX requirements for custodians is one of the last obstacles for foreign investment to take off.
The two investment schemes are a major part of China’s strategy to open its capital markets to global investors.
The two institutions will also explore opportunities to provide cross-border collateral management services for RMB-denominated securities.
The first T+3 trade occurs on China Interbank Bond Market (CIBM) after ‘important step’ to extend settlement cycle.
The new role will involve being responsible for helping drive China sales growth from Americas buy-side clients.
Speculation is mounting as to whether additional access schemes will be rolled out between China and other major regional markets.