The NBU is expanding cooperation with the international central securities depository Clearstream
The National Bank and the international central securities depository Clearstream are expanding the “link” that unites Ukrainian capital markets with international financial markets. This was reported by the press service of the NBU.
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“In particular, agreements have been reached on the expansion of the existing “link” with Clearstream and the inclusion of additional types of assets in the list of financial instruments that will be serviced through it,” the message says.
It is noted that thanks to the expansion of the “link”, foreign investors will be able to carry out operations not only with the state securities of Ukraine, but also with other financial instruments of post-war reconstruction.
For this purpose, Clearstream, with the assistance of the Ministry of Finance of Ukraine, will open an account in the securities of the nominal holder at the National Bank of Ukraine.
According to the NBU, the appropriate step will contribute to the growth of cross-border investments, increase the liquidity of the Ukrainian capital market and support this market in terms of tools for post-war reconstruction and restoration of the destroyed infrastructure and economy of Ukraine.
Clearstream is a provider of post-trade infrastructure in financial markets, part of the Deutsche Börse Group.
“Taking into account the expected plans for the post-war reconstruction of Ukraine, the National Bank of Ukraine is pleased to offer a reliable and technologically ready solution that will allow to further expand the “link” and ensure access to Clearstream’s clients to post-war financial instruments. Establishing further cooperation with Clearstream will contribute to the expansion of the circle of investors and may become one of the driving forces that will ensure the restoration of Ukraine’s infrastructure,” said the head of the National Bank of Ukraine Andrey Pyshny.
Let’s remind
In 2019, Clearstream entered the Ukrainian capital markets and launched a link with the NBU depository. This made it possible to ensure access of foreign investors to the hryvnia-denominated government securities market.
In the first months after the announcement of the start of the project, foreign investments in hryvnia OVHZ grew from almost zero to UAH 44 billion, and according to the results of the first year of operation of the “link”, the volume of foreign investments in the state debt of Ukraine reached a record 129 billion UAH.
Source: Ministry of Finance
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