Euroclear Bank and NSD Launch Post-Trade Services for Russian Bonds
The development of the post-trade services is said to complement the NSD and Euroclear Bank offering for Russian government bonds, known as OFZs, which was launched in February 2013.
"Following on from the success of our OFZ service, we are delighted to now offer services for municipal and corporate assets," says Frederic Hannequart, chairman of Euroclear Bank. "The growing appetite shown by investors to mitigate risks while ensuring a solid return on their diverse portfolio of assets is now further enhanced with access to many of Russia's companies. Furthermore, foreign firms can also be important stakeholders in the development of key municipal infrastructure programs."
Euroclear Bank's service for OFZs, and now corporate and municipal debt, is part of a suite of services which aims to expand Euroclear Bank clients' access to Russian securities, including a service for Russian equities, set to go live in the second half of 2014.
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