Sovereign debt instruments issued by the Baltic governments, registered with Nasdaq CSD and listed on the Nasdaq Baltic exchanges are now eligible for settlement in Clearstream.
This initiative is the result of a joint effort between Clearstream, Nasdaq Baltic exchanges and Nasdaq CSD.
Primary 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, dealers can pool cash and collateral Europe-wide.
This gives global investors easy access to Baltic sovereign securities issued through domestic auctions.
“The Clearstream trade capture solution is a great automated tool for international primary dealers to access and settle debt securities auctioned on Nasdaq Baltic. It also enables 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 Latvian, Lithuanian and Estonian Debt Management Offices (DMO) in the distribution of their sovereign debt instruments, in a safe and efficient manner. By joining forces with our Baltic partners, we are pursuing our initiative to leverage the settlement functionalities offered by the T2S platform to make cross-border settlement in Central Bank Money a reality in the European government bond markets.”
