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On 4 October 2021, Clearstream, the international central securities depository (ICSD) of Deutsche Börse Group, has connected the Serbian capital market to its global network. Raiffeisen Bank International will act as local custodian and operator of Clearstream’s account at the Serbian central securities depository (CSD).
Clearstream is the first ICSD to offer international investors seamless access to the Serbian capital market by enabling settlement of Serbian government bonds denominated in Serbian Dinar (RSD). This step aims to attract cross-border investments and thereby improve liquidity in the domestic capital market. Clearstream customers will benefit from an omnibus account structure, which increases operational efficiency, and its suite of ICSD services,...
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