ClearsStream Banking SA and Euroclear Bank SA/NV have appointed Bank of China (Hong Kong) Limited (Bochk) as a common repository, guardian and service provider for international titles, also known as Eurobonds.
The two ICSDs jointly as a central hub of ISIN distribution, version and deposit for Eurobonds. They work with various major financial institutions worldwide that act as common repositories and guards to support their publishers and agents across the international capital market. As a result, publishers benefit from the greater approach to investors, taking advantage of the international ICSDS customer bases and the multi -currency model.
This international version model is supported by a interoperable relationship between the two ICs that allows customers to settle cross -border transactions seamlessly throughout the day, thereby increasing the liquidity available to market participants.
Bochk has applied and successfully passed the recent joint stock process and will be appointed as a common repository, storage and service provider to support ICSDS’s global Eurobonds version.
Bochk is expected to launch joint repository services since August 1, 2025.
This geographical expansion of the ICSD storage network demonstrates the attractiveness of the Eurobond model for Asian-Pacific publishers (APAC). The utilization of Asian functions of common reserves facilitates the activities of the Primary Market, including consortium distributions, since the start of the working day in Asian markets that support the most effective use of cash and titles. Similarly, it allows an even closer connection to APAC issuing communities and investors for a more effective service of securities throughout their life cycle.
Andrew Law, head of custody and confidence in the Bank of China (Hong Kong), commented:
“We are proud to support the expansion of the Eurobond market, promoting greater participation from publishers and investors across the Asian-Pacific region. As a leading financial institution, Bochk is unique to exploit the extensive network, Capital markets.
Kathleen Holemans, head of network management at Euroclear, commented:
“We are extremely happy to announce the appointment of the Bank of China (Hong Kong) as a common guardian for our Eurobonds, Eurobonds represents one of the largest fixed income markets in the world and we have the achievement of the market. financial markets ”.
Jan Willems, head of world markets at Clearstream, added:
“Clearsstream is pleased to welcome the Bank of China (Hong Kong) to our joint repository network. This partnership is further expanding the Eurobond market range within the dynamic Asia-Pacific area. It is hosted in Europe, strengthening the marketplace worldwide and effective.