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Clearstream, the financial market infrastructure already active in Asia since 1990, this week reaches a key milestone for developing a direct settlement link to the Taiwanese market. As part of its Asia strategy, Clearstream is working with the Taiwanese central securities depository, the Taiwanese Central Securities Depository (TDCC), to develop a direct settlement link for global investors and issuers to access the Taiwanese international bond market such as the Renminbi-denominated “Formosa bond”.
By opening an account with the TDCC, Clearstream becomes the first international central securities depository (ICSD) foreign participant of this local CSD and kicks off the process for establishing a settlement link in this market. The settlement link, to be operated by...
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