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The China Foreign Exchange Trading System (CFETS) and global post-trade provider Clearstream have entered an infrastructure cooperation to enable Chinese market participants to trade ESG (environmental, social, governance)-eligible triparty repo bonds. The repo transactions are facilitated by CFETS’s exclusive bond and FX trading platform in mainland China, while Clearstream acts as triparty repo agent, streamlining collateral management, settlement and custody.
First trades were successfully performed by China Construction Bank, China Merchants Bank, Crédit Agricole CIB, Industrial and Commercial Bank of China and Shanghai Pudong Development Bank. All participants chose all eligible ESG bonds based on dedicated baskets provided by Clearstream. Leveraging triparty repo...
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