The Clearstream international securities depository and the National Bank of Ukraine (NBU) on March 13 signed an agreement on correspondent relations to further open a securities account at the central bank’s depository.
According to the NBU’s website, this step is a key step in the expected opening of a “link” between the National Bank and Clearstream in the near future.
The NBU notes that the establishment of a “link” with Clearstream will simplify the access of foreign investors to the Ukrainian securities market, namely government domestic loan bonds.
“Settlements with government domestic loan bonds in the hryvnia will be carried out through the ICSD system, which will reduce investors’ transactional and time costs for performing such operations,” the NBU said.
