Euroclear Bank is extending its market coverage, offering transaction settlement, custody and tax services for Israeli debt, equities and warrants, and for Romanian government debt securities, effective immediately. These securities are eligible for Euroclear Bank’s securities lending and borrowing programme, as well as for triparty collateral management services.
Over the past two years, Euroclear Bank has broadened its securities coverage and has linked with five Central and Eastern European central securities depositories (CSDs) in the Czech Republic, Hungary, Poland, Slovakia and Slovenia. Euroclear Bank is also working on a range of service enhancements to increase efficiency for clients trading and investing in securities from these countries.
Olivier Grimonpont, Director and head of product management for fixed-income securities and collateral services at Euroclear, said: “We are increasing our market coverage while further improving the quality of services for our clients worldwide. The link with the Romanian CSD is the sixth we have put in place in Central and Eastern Europe. The link with the Israeli CSD reinforces our presence in the Middle East where we already process trades from the Dubai International Financial Exchange. In line with client demand, we will continue to open new links with a regional approach.”
