Clearstream adds Spain and Portugal to Investor-CSD
Latest news
Clearstream adds Spain and Portugal to Investor-CSD 04 December 2020Luxembourg Reporter: Maddie Saghir
Image: romas_ph/Adobe Stock
Deutsche Boerse’s post-trade services provider Clearstream has added Spain to its Investor-Central Securities Depository (CSD).
Portugal is scheduled to be added on 14 December, according to a spokesperson for Clearstream.
These new additions to Clearstream’s Investor-CSD network of markets will allow customers to access and settle almost all T2S-in securities.
As part of the European custody solution, the Investor-CSD model will benefit from direct connectivity to T2S, according to Clearstream.
The connectivity means it can offer settlement instruction directly into the domestic markets with T2S deadlines, which Clearstream said is set to reduce the need for further custody intermediaries to a minimum.
In addition, Clearstream has built a joining connectivity roadmap to European clearing houses to allow clients to aggregate their central counterparties-cleared flow into the same account at Clearstream.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: romas_ph/Adobe Stock 