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Euronext Securities has partnered with Clearstream to provide asset services to Clearstream Banking AG as investor central securities depositary (CSD) for the Danish market.
The mandate, built on long-term cooperation between the two financial services, reflects Euronext Securities’ ambition to expand its services.
For Clearstream, the partnership is part of a broader effort to create increased operational set-ups through direct market access, as well as a response to the wider post-trade industry’s demand to shorten the value chain.
Sam Riley, head of investor services and financing at Clearstream, says: “Connecting directly to the comprehensive asset services of various CSDs allows us to offer our customers the set-up and securities service quality they seek – as we are doing now with Euronext Securities. We look to further broaden this engagement, both in Europe and beyond.”
Pierre Davoust, head of CSDs at Euronext, comments: “Euronext Securities and Clearstream have had a successful partnership for the past 13 years in Denmark. We’re pleased that we can now build on this relationship through this agreement with Clearstream Banking AG.”
He adds: “Across Europe, we are seeing a growing trend that the value chain between issuers and investors can get shorter. We are expanding our existing portfolio of asset services and, in time, we can see this becoming a pan-Nordic offering for our customers that choose to go this route.”
