Standard Chartered expands prime services offering to include Chinese government bonds
Standard Chartered hopes the move will boost acceptance of Chinese debt as collateral for its foreign investor clients.
Standard Chartered hopes the move will boost acceptance of Chinese debt as collateral for its foreign investor clients.
The two institutions will also explore opportunities to provide cross-border collateral management services for RMB-denominated securities.
The first T+3 trade occurs on China Interbank Bond Market (CIBM) after ‘important step’ to extend settlement cycle.
The expansion will also change how the service is used, with sponsors now able to let their clients trade with counterparties other than themselves.
The completion of the onboarding process comes just three months after NPS agreed to the deal with BNY Mellon.
First Canadian dollar fixed income issuance by a major bank in Canada testing blockchain technology.
The investment from Euroclear was in response to client demands wanting access untapped liquidity pools in the bond market.
The new fixed income clearing and settlement offering was developed as part of SGSS’ ongoing work with Accenture Post-Trade Processing.