Clearstream is enhancing its market access to the Americas

  • Colombia will be Clearstream’s 58th domestic market link.
  • Indirect link via BNP Paribas Securities Services

Clearstream, the international central securities depository (ICSD) of Deutsche Börse Group, expands its international coverage by opening a new domestic link to Colombia on 19 November 2018. The link will help foreign investors to access the local market and enables Clearstream to offer settlement of government debt, corporate bonds and equities. BNP Paribas Securities Services will act as cash agent bank and local custodian.

Colombia will be Clearstream’s 58th domestic link. The link establishes a connection to the Colombian market and affirms Clearstream’s leading position as an ICSD in terms of market coverage. The product offering will include against payment settlement in Colombian Peso (COP). Available services also include foreign-exchange and full custody services on all assets held in Colombia.

Jan Willems, Head of Global Markets at Clearstream, said: “The launch of this new link is bolstering Clearstream’s strategy to further expand our global network in the Americas. We are convinced that the offering provides our clients with new investment opportunities in Latin America where Clearstream has been active for 25 years. With BNP Paribas Securities Services we have found a reliable partner in the region, providing a stable and attractive settlement infrastructure at an international level.”

Claudia Calderon, Head of Hispanic Latam at BNP Paribas Securities Services, said: “We are delighted to bring our expertise to Clearstream for the launch of their new domestic custody link to Colombia. We have been offering local custody and settlement services in Colombia since 2013 and have developed strong local market expertise in the region. Investors are demonstrating increasing interest in Latin America and we are committed to helping foster the growth of local financial markets.”

About Clearstream

As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream, a part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 57 domestic markets worldwide. With EUR 13 trillion in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.

About BNP Paribas Securities Services

BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. It had assets under custody of EUR 9.6 trillion as of 30 June 2018. Backed by the strength of the BNP Paribas Group, they provide multi-asset post-trade and asset servicing solutions for buy- and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, their network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.