The major technology overhaul could mirror projects underway at the ASX and HKEX, and is part of a medium-term strategy from owner Deutsche Boerse to develop a digitised CSD.
Samuel Riley, executive board member and head of investor services and financing at Clearstream, speaks to GC on how the ICSD is helping the post-trade industry to fill in the gaps with data.
The link will allow eligible international investors to hold Saudi fixed-income securities and ETFs via a foreign nominee omnibus account structure for the first time
Jens Hachmeister, head of issuer services and new digital markets at Clearstream, outlines the group's plans to be a core market infrastructure for digital securities.
The solution will target certain banks and buy-side firms that will be required to establish tri-party collateral management arrangements for the first time.
Since taking on the business, Clearstream Fund Centre has reported a 25% increase in assets under administration to more than €300 billion.
It is the third Clearstream CSD to receive licenses under CSDR, following authorisation of its German and Luxembourg-based businesses.
Clearstream’s Eurobond’s product group also includes its network management and market partnership activities.
The move could provide significant savings for banks that have faced increased regulatory costs to trade in the balance sheet-intensive repo market.
The new partnerships with Clearstream, Euroclear and Iberclear will provide a single point of access to minimise cross-border hurdles.