Estonia, Latvia and Lithuania: Enhancement of DMO service – new stock exchange post-trade model
Clearstream Banking1 informs clients that effective
immediately
auction trades executed by Primary Dealers on the Nasdaq Tallinn, Riga and Vilnius Stock Exchanges are eligible for settlement in Clearstream Banking.
Thanks to a joint collaboration between Clearstream Banking, Nasdaq CSD and the Baltic stock exchanges, automated settlement of the Debt Management Office (DMO) flows can be offered in Clearstream Banking Frankfurt (CBF).
As Clearstream Banking has extended its Power of Attorney (PoA) service to these trading venues, the PoA now authorises the Lithuanian, Latvian and Estonian branches of Nasdaq CSD SE, to send settlement instructions on Clearstream Banking accounts, allowing clients to settle the result of their primary auction trades in their account with Clearstream Banking.
Further information
Clients willing to participate to Baltic primary auctions should contact a Primary Dealer or their broker-dealer to place their bid.
Clients that are already Primary Dealers and willing to benefit from automatic settlement of their auction trades in their Clearstream Banking account are invited to contact Nasdaq CSD SE and their Relationship Officer at Clearstream Banking to receive a copy of the Clearstream Banking PoA and prepare the respective onboarding.
A more detailed service description is also available in the Other services section of the Market Link Guides for Estonia, Latvia and Lithuania.
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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.