Clearstream will add Standard Chartered Bank as a new cash correspondent bank in Hong Kong, Finextra reports. Standard Chartered will be correspondent bank for Hong Kong dollars and the Chinese renminbi held outside mainland China.
The international central securities depository within Deutsche Börse Group set up its first office in the region in Hong Kong in 1990. Clearstream also has representative offices in Dubai and Tokyo and a branch in Singapore.
Click here for the story from Finextra.