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.
European asset managers in Ireland are faced with the challenge of moving to alternative ETF issuance and settlement models in order to limit the impact of Brexit.
Deal with the international central securities depository will open up the Turkish government bond market to international investors.
Euroclear has now been granted six licenses for its various CSDs in Belgium, Finland, France, the Netherlands and Sweden.
Clearstream went live with the InvestorCSD model last year with the aim of providing banks a single access point to both T2S and its ICSD services.
Euroclear Bank will be able to offer clients the choice between euro settlement in both commercial bank and central bank money.
Europe's largest asset managers are working towards launching new and transitioning current Irish-domiciled ETFs to an ICSD settlement structure.
A recent report suggests managers face very little time to select an alternative for Irish-issued ETFs that are still settling in a domestic model.