Government bonds issued by the Baltic governments, registered on the Nasdaq CSD and listed on the Nasdaq Baltic exchanges are now eligible for settlement on Clearstream.
This initiative is the result of a joint effort between Clearstream, Nasdaq Baltic and Nasdaq CSD exchanges.
Principal dealers can now access an automated, streamlined post-trade solution through a single securities account at Clearstream. When combined with a central bank cash account of their choice, traders can pool cash and collateral across Europe.
This gives global investors easy access to Baltic government securities issued through domestic auctions.
“The Clearstream trade capture solution is an excellent automated tool for international principal dealers to access and settle securities auctioned on Nasdaq Baltic. It also allows global investors looking to invest in the Baltic securities market to streamline their post-trade arrangements,” commented Kaarel Ots, Head of Nasdaq Baltic Exchanges.
Dirk Loscher, Head of Custody and Investor Solutions at Clearstream, said: “We are pleased to support the Debt Management Offices of Latvia, Lithuania and Estonia (DMOs) in the distribution of their government bonds, in a safe and efficient manner. Joining forces with our partners in the Baltics, we continue our initiative to leverage the settlement functions offered by the T2S platform to make cross-border settlement in Central Bank Money a reality in European government bond markets.”