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
Network managers have had to ride the storm of regulatory and market changes, and are now through to the over side. But the impact it has had on their sub-custody relationships is profound.
Clearstream recently signed two key emerging market sub-custodian deals, one in Romania and the other in Colombia.
Experts say sub custodians and CSDs will maintain different roles in settlement industry in light of T2S rollout.