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Clearstream’s direct link to Russia to go live


Clearstream says it will be offering competitive prices and deadlines in settling Russian government bonds, from February.

The firm, which is a member of the Deutsche Börse group, will launch a direct settlement link to the Russian market following the opening of a main account at the National Settlement Depository, the new Russian central securities depository (CSD).

The move will give access to the Russian capital markets via a single access point with Deutsche Bank Moscow operating Clearstream’s direct account with the CSD.

Mark Gem, head of business management at Clearstream, comments: “Our link will help open the Russian capital markets up more readily to overseas investors and traders by allowing securities’ transactions to be settled more efficiently – in Russian roubles – and more securely within a single system.”

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