GEORGIA: Clearstream New Link to Georgia Extends Coverage to the Caucasus

Thursday December 17 2015

Clearstream, the international central securities depository (ICSD) of Deutsche Börse Group, will expand its international coverage by opening a new domestic link to Georgia on 11 January 2016. The link will help foreign investors to access the local market and enables Clearstream to offer Georgian government bonds and supranational bonds via the Bank of Georgia, which acts as local custodian and cash correspondent bank. Georgia is Clearstream’s 55th domestic link.

The product offering will include internal free of and against payment settlement in all settlement eligible currencies, including the recently accepted Georgian Lari (GEL). Further available services are external free of payment settlement, custody and reconciliation as well as asset servicing.

Clearstream’s partner, the Bank of Georgia, is a dedicated participant in the development of the Georgian capital market and covers more than a third of Georgia’s current market share by assets. The new link to Georgia is also an important step for the National Bank of Georgia, who acts as central securities depository (CSD) for government bonds.

Click on the link above for further details.