U.S. Bank expands CSD offering for securities issued in France
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U.S. Bank expands CSD offering for securities issued in France 04 September 2024Ireland Reporter: Clelia Frondaroli
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U.S. Bank has expanded its Global Corporate Trust capabilities in France.
The firm will now support debt capital market transactions for clients who issue securities in the French central securities depository (CSD), operated by Euroclear France.
U.S. Bank will also be able to offer issuing and paying agency services for standalone corporate bonds. By establishing infrastructure that supports the TARGET2-Securities (T2S) platform, U.S. Bank aims to incorporate more European CSD markets in the future.
Tom Cubitt, head of U.S. Bank Global Corporate Trust Europe, comments: “We now have the ability to serve as a single trusted provider for international CSD and European domestic issuances and offer minimised transaction risk and increased operational efficiencies for our clients in the French domestic CSD.”
U.S. Bank already offers investment services from three European locations: Ireland, Luxembourg and the United Kingdom.
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