Trading and clearing in renminbi denominated financial products has taken another step forward with the announcement that the Industrial and Commercial Bank of China (ICBC) is issuing a certificate of deposit through its New York branch. Previously, such certificates issued by New York branches of Chinese banks were settled through Euroclear in Europe, but the […]
Brussels based Euroclear and Lyxor Asset Management have teamed up to launch e-Data Liquidity, a tool that will enable fixed income players to assess the full liquidity of an asset. Stephan Pouyat, global head of Funds and Capital Markets at Euroclear said: “The current market climate is prompting investment managers, treasurers, risk managers, insurers, collateral […]
Grupo Bolsa Mexicana de Valores (Grupo BMV), the Mexican stock exchange group, has recently signed an agreement with Euroclear, an international central securities depository based in Brussels to create a joint venture BMV Fondos. Its aim is to accelerate and deepen the liquidity of the Mexican mutual funds market by implementing more automatised and electronic processing. […]
BNY Mellon has been appointed by Clearstream and Euroclear to provide sub-depositary services in Asia Pacific allowing APAC issued global notes to be deposited locally in Hong Kong with BNY Mellon. This extension of BNY Mellon’s established sub-depositary capability into the APAC region offers Asian issuers greater access to global capital markets and enhanced efficiency […]
State Street Global Advisors (SSgA) is migrating 13 SPRD branded exchange traded funds to an international structure under Irish law, with the assistance of Euroclear, which is providing an international central securities deposit (ICSD) facility. Shifting the legal structure of the ETFs is intended to cut costs, with the ICSD platform facilitating primary market issuance […]
The liberalisation of the Russian bond market which is taking place at the moment was welcomed by panellists at the Moscow Exchange Group’s event in London yesterday.
Clearstream plans to open a direct account with Russia’s new central securities depository (CSD) by year end, following the creation of the entity earlier this week.
Russian non-banking financial organisations have now gained easier access to the foreign securities market through Russia’s National Settlement Depository (NSD).
Russia’s National Settlement Depository (NSD) has submitted the last set of documents required for obtaining the status of a central securities depository from the Federal Financial Markets Service (FFMS).
“First move” foreign investors, such as hedge funds, have started buying into the Russian local bond market, following the approval of Euroclear by Russia’s Federal Service for Financial Markets (FSFR) to offer services for a range of Russian debt securities.
After months of anticipation, Euroclear Bank has finally gained approval from Russia’s Federal Financial Markets Service to offer services for a range of Russian debt securities.
The Russian ruble has rallied over the last two weeks, gaining 3.4% since the end of last month. However, economic analysis suggests the currency will weaken in the long term.