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Clearstream brings post-trade tech to onshore Chinese bond market

03 March 2017

Both CSDs sign deal paving way for improved post-trade services for Chinese onshore bonds

Read more: china bonds settlement

Clearstream has partnered with one of the main onshore central securities depositories (CSDs) for Chinese fixed income instruments.

The Deutsche Boerse subsidiary signed a memorandum of understanding this week with the China Central Depository and Clearing Company (CCDC).

Both firms aim to provide better cross-border depository and settlement services for RMB fixed-income products.

The move comes as China's central bank continues to open up the country's bond market - China Interbank Bond Market (CIBM).