Czech bourse to clear and settle via Austrian CCP 24 February 2012Prague Reporter: Anna Reitman
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The Prague Stock Exchange (PSE) has announced an agreement with Austrian clearing house (CCP.A) to establish additional clearing services for cash markets operated by PSE. The cooperation will allow for the clearing and settlement of PSE trades through CCP.A.
"This will be a major step to establish CCP.A as CEE clearinghouse and to attract banks and brokers of Wiener Börse to become members of the Prague Stock Exchange as well," the PSE wrote in a released statement.
Members of CCP.A will be able to clear trades concluded at Xetra Vienna and Xetra Prague via one clearing solution.
With the additional clearing services of CCP.A, PSE can offer customised clearing solutions for local members, local and international members of Wiener Börse and other international members.
The move is another step towards interoperability in Europe, exchange trades can be cleared via CSD Prague, SIX x-clear or CCP Austria.
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