Wednesday December 4 2019
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: International
Link: https://bit.ly/381HtLW
On 02nd December 2019, Nasdaq Baltic announced that the direct link between Nasdaq’s central securities depository (CSD) and Clearstream had gone live. The direct link between Clearstream Banking AG, the German CSD, and Nasdaq CSD has been activated to facilitate cross-border settlement in T2S markets, giving foreign investors easier and efficient access to the Baltic securities market.
The direct link will provide foreign investors with a window to the Baltic capital market by allowing securities’ transactions to be settled more efficiently and more securely within the pan-European securities settlement platform TARGET2-Securities (T2S), promoting investments in the region.
Clearstream customers will benefit from having a single access point to securities issued in Nasdaq CSD, without leaving their home country. The single point of access to Baltic securities makes it available for increased liquidity pooling, allows settlement of Baltic securities in central bank money and offers new connectivity solutions with a single user interface and harmonised formats.
Click on the above link for further information.