Deutsche Börse-owned post-trade group, Clearstream, has started providing settlement and custodial services for Brazilian securities, Financial News reports. The move will allow the Luxembourg-based group’s clients to settle all asset classes in the Brazilian Real.
The company’s sub-custodian in the country will be Itaú Unibanco. Clearstream included the Brazilian market into its cross-border international central securities depository network on January 21.
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