Clearstream launches Primary Market Issuance API for Eurobonds
25 January 2022 Luxembourg
Image: Carola_Vahldiek/stock.adobe.com
Clearstream, Deutsche Börse Group’s post-trade services provider, has launched its Primary Market Issuance API (PMI API) to pursue innovation in the Eurobond market.
Issuer agents and market participants can now obtain International Securities Identification Numbers (ISINs) and request acceptance of securities issued under programme in real-time.
Additional features include allocation of the associated common code, Classification of financial instrument (CFI) and Financial Instrument Short Name (FISN) identifiers of the securities.
Origin Markets, a London-based fintech company focused on digital bond issuance, is the first platform that will make use of the API interface.
The PMI API leverages the recently released Clearstream API Service, as well as the Airbrush messaging standard launched by Origin Markets, to facilitate interconnectivity between market participants.
Speaking on the announcement, Guido Wille, head of Eurobonds at Clearstream, says: “Clearstream’s mission for bonds is to provide a zero-touch, real-time, standardised debt issuance process. Origination and pre-issuance processes are undergoing rapidly evolving technological change, which is presenting the securities issuance community with the opportunity to provide fully digital services. This will drive process efficiency, reduce operational risk and improve interoperability.”
Issuer agents and market participants can now obtain International Securities Identification Numbers (ISINs) and request acceptance of securities issued under programme in real-time.
Additional features include allocation of the associated common code, Classification of financial instrument (CFI) and Financial Instrument Short Name (FISN) identifiers of the securities.
Origin Markets, a London-based fintech company focused on digital bond issuance, is the first platform that will make use of the API interface.
The PMI API leverages the recently released Clearstream API Service, as well as the Airbrush messaging standard launched by Origin Markets, to facilitate interconnectivity between market participants.
Speaking on the announcement, Guido Wille, head of Eurobonds at Clearstream, says: “Clearstream’s mission for bonds is to provide a zero-touch, real-time, standardised debt issuance process. Origination and pre-issuance processes are undergoing rapidly evolving technological change, which is presenting the securities issuance community with the opportunity to provide fully digital services. This will drive process efficiency, reduce operational risk and improve interoperability.”
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