The development follows similar initiatives involving Euroclear and local market infrastructures in both China and Japan.
Frontera will utilise Apex’s single-source solution with a unified point of contact across all aspects and operational demands of the fund.
Fund administrator continues to expand its business in the Middle East after recent acquisitions and mandate wins.
Russian bank gains regulatory approval to operate in the UAE and is awaiting final approval to open an office in Abu Dhabi.
Clearing members will now be able to use UK and US government treasury bills, bonds, and other approved fixed income securities as collateral.