Euroclear Bank will roll out settlement, custody and related services for cross-border Chilean domestic debt transactions, Fundamentals reports. As per the deal, the Chilean CSD, Deposito Central de Valores (DCV), will also provide its clients similar services for foreign securities transactions through Euroclear.
The Brussels-based bank will become the first international CSD to link with the Chilean depository and offer services for Chilean securities. The link will allow Euroclear Bank customers to settle transactions in Chilean government bonds with local Chilean financial institutions that have accounts in the Chilean CSD.
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