INTERNATIONAL: Euroclear Signs MOU with Serbia’s Ministry of Finance

Wednesday February 19 2020

On 12^th February 2020, Euroclear and Serbia’s Ministry of Finance have signed a Memorandum of Understanding (MoU) to establish the appropriate market conditions for efficient local currency sovereign debt issuance. The intention is for Serbia to eventually create a Euroclearable link, which will facilitate international investment into the Serbian bond market.

Achieving Euroclearability helps to facilitate access of foreign investors into the domestic market in a more secure and standardised way which will result in an increase in capital, higher trading volumes and lower yields in secondary markets. This in turn can drive further capital market efficiencies including a possible credit rating upgrade and inclusion in various bond indices.

Click on the above link for further information.