Thursday March 21 2013

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General




Singapore Exchange (SGX) and Philippine Dealing System Holdings Corp (PDS) have signed a Memorandum of Understanding (MOU) to develop fixed income access between Singapore and Philippines.

Also included in the MOU is the development of trading platforms to support cross-border fixed income trading. SGX and PDS will also explore the development of cross-border and intra-regional clearing, settlement and depository services for these fixed income markets.

The collaboration will start with the cross-border depository of Republic of the Philippines Government Bonds and Singapore Government Securities between Philippines Depository and Trust Corp (PDTC) and SGX’s Central Depository (CDP). Domestic banks and institutional clients in the respective countries will be able to hold their government bond investments in their respective depositories via a link between PDTC and CDP.

Click on the above link for more details.