Armenia: Clearstream's 56th market link
Clearstream opened its direct link to the Armenian market on 11 July 2016, its 56th domestic market link.
The new link, facilitated in partnership with the local central securities depository, the Central Depository of Armenia (CDA) – part of the NASDAQ OMX group, - follows implementation of a similar link to Georgia in January this year, which marked the first step in improving customers’ access to the Caucasus region.
Customers can use this domestic link to access Armenian government bonds and supranational bonds, benefitting from internal free of payment and against payment settlement and external free of payment settlement. The link also facilitates custody and asset servicing with the CDA.
The Armenian Dram (AMD) is in addition now a full settlement currency following Clearstream's appointment of the Central Bank of Armenia as cash correspondent bank (CCB) and AMD-denominated Eurobond issuance can be facilitated through our Global Issuer Hub.