In collaboration with Nasdaq Baltic exchanges and Nasdaq CSD, Clearstream has introduced automated settlement capabilities for sovereign debt instruments issued by Baltic governments. These instruments, registered with Nasdaq CSD and listed on the Nasdaq Baltic exchanges, are now eligible for settlement through Clearstream’s streamlined platform.
This collaborative initiative aims to simplify post-trade processes for primary dealers, offering them access to an automated solution via a single securities account at Clearstream. By combining this with a central bank cash account of their choice, dealers gain the flexibility to pool cash and collateral Europe-wide, enhancing efficiency and accessibility for global investors interested in Baltic sovereign securities.
Clearstream Enables Automated Settlement for Baltic Sovereign Debt
Kaarel Ots, Head of Nasdaq Baltic exchanges, lauded the initiative, stating, “The Clearstream trade capture solution is a great tool for international primary dealers to access and settle debt securities auctioned on Nasdaq Baltic. It also enables global investors looking to invest in the Baltic securities market to streamline their post-trade arrangements.”
Dirk Loscher, Head of Custody and Investor Solutions at Clearstream, emphasized the importance of supporting the Baltic Debt Management Offices (DMO) in distributing sovereign debt instruments efficiently and securely. He stated, “By joining forces with our Baltic partners, we are pursuing our initiative to leverage the settlement functionalities offered by the T2S platform to make cross-border settlement in Central Bank Money a reality in the European government bond markets.”
By introducing automated settlement capabilities, this initiative not only streamlines post-trade processes for primary dealers but also opens doors for global investors seeking opportunities in Baltic sovereign securities.
The introduction of automated settlement for Baltic sovereign debt trades marks a significant step forward in enhancing liquidity and accessibility in the Baltic securities market, further solidifying the region’s position as an attractive destination for global investors.
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