Monday March 6 2017
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.clearstream.com/clearstream-en/newsroom/170303/89178
The China Central Depository and Clearing Company (CCDC) and Clearstream Banking S.A. have entered a partnership. The Memorandum of Understanding (MoU) marks the official launch of the cross-border cooperation. It will give full consideration to the characteristics of the Chinese Interbank Bond Market (CIBM), while respecting the market’s current regulatory framework and basic institutional arrangements.
By combining the advantages of CCDC as a Chinese local institution and Clearstream in servicing overseas clients, the linkage will facilitate CIBM entrance for overseas investors. CCDC is one of the main onshore CSDs for Chinese onshore fixed income instruments.
With depository and settlement infrastructures being the cornerstone of safe, efficient and functional bond markets, linkages between financial market infrastructures are an important approach to support the bond market in opening up.
Click on the link above for further details.