Bank of China first to issue new Euroclear Yulan bond
Launched in December, Yulan bonds provides Chinese issuers to gain direct exposure to a wider foreign investor base and access a deeper liquidity pool.
Launched in December, Yulan bonds provides Chinese issuers to gain direct exposure to a wider foreign investor base and access a deeper liquidity pool.
The joint initiative will work on developing an automated collateral management solution for the domestic Canadian market.
CSDs have stepped up their innovative efforts and are increasingly co-creating new solutions for the post-trade industry, according to Euroclear's head of innovation and data services Edwin De Pauw.
The new partnerships with Clearstream, Euroclear and Iberclear will provide a single point of access to minimise cross-border hurdles.
The development follows similar initiatives involving Euroclear and local market infrastructures in both China and Japan.
Following the launch of Yulan Bonds in China a week ago, Euroclear Bank to work with Japanese market participants to launch Origami bonds.
The hire will bolster Euroclear's international strategic growth efforts and its programme to explore using new technologiees.
The two market infrastructures have teamed up to launch Yulan bonds, connecting global investors to Chinese issuers without navigating China’s settlement system.
Seventh and final CSDR license for Euroclear Group as UK and Ireland is approved by Bank of England.
The move will allow Euroclear UK and Ireland (EUI) to continue to settle Irish-domiciled funds and securities once the Brexit transition period ends on 31 December.