Clearstream continues to broaden its global network of domestic market links by adding Colombia on 19 November 2018. The new link is part of our continuous efforts to provide global investors with improved access to Latin America (LatAm) and other emerging markets. Colombia represents Clearstream‘s 58th link and affirms the ICSD’s leading position in terms of global market coverage.
Customers will have access to Colombian Pesos (COP) denominated government bonds, corporate bonds and equities via an indirect link through BNP Paribas Securities Services Colombia acting as cash correspondent bank and local custodian. The service offering includes delivery against payment (DVP) settlement with local counterparties in COP. Clearstream also provides foreign exchange services for customers wishing to convert cash into COP or exchange income paid in COP to USD or other currencies. Full custody services will be available on all assets held in Colombia.
LatAm enhancements
Clearstream has been active in Latin America for more than 25 years and the new link to Colombia truly shows our commitment to the region.
Argentina
In partnership with Caja de Valores Argentina, Clearstream is onboarding local domestic investment funds to its Vestima cross-border funds processing platform. Vestima compliments Clearstream eligible securities with around 200,000 offshore investment funds. Effective 19 November 2018, Clearstream will upgrade its existing domestic market link to Argentina by offering DVP, in addition to FOP settlement services.
Peru and Chile
In response to customer demand, Clearstream is considering links to Peru and Chile – both are attractive markets to foreign investors.