Clearstream offers direct access to Bulgaria and Romania

Clearstream offers direct access to Bulgaria and Romania

08/03/10

Clearstream, the international central securities depository (ICSD) within Deutsche Börse Group, has opened two new direct links with Bulgaria and Romania helping foreign investors to access these markets.

In Bulgaria, government securities will be settled free of payment via the Bulgarian National Bank. Debt securities (corporate bonds, mortgage bonds, municipal bonds) as well as equities and investment funds will be settled via the Bulgarian Central Securities Depository (CDAD).

In Romania, the link allows settlement of government securities via the National Bank of Romania.

With this addition, Clearstream’s network now reaches 47 domestic markets around the globe: 30 in Europe, 5 in the Americas, 10 in the Asia Pacific region and 2 in Middle-East and Africa. It is the widest network of any ICSD and enables counterparties in local markets to efficiently settle eligible securities through Clearstream’s operational hub in Luxembourg.