|
Asset type |
Clearstream Banking Frankfurt
|
Euronet Securities Milan |
ESES France |
SIX
|
|
Public debt |
x |
x |
x |
x |
|
Corporate debt |
x |
x |
x |
x |
|
Equities
|
x |
x |
|
x
|
|
Asset type |
Clearstream Banking Frankfurt |
ESES France
|
ESES Netherlands |
Euronext Securities Milan |
Euronext Securities Porto |
OEKB |
SIX |
NBB-SSS |
B3 BOVESPA |
Caja de Valores |
|
Public debt
|
x
|
x
|
x
|
x
|
x
|
x
|
x
|
x
|
|
|
|
Corporate debt
|
x
|
x
|
x
|
x
|
x
|
x
|
x
|
x
|
|
x
|
|
Equities
|
x
|
x
|
x
|
x
|
x
|
x
|
x
|
|
x
|
x
|
(1) Iberclear makes the legal conditions of the link arrangement available to its participants, allowing them to assess and manage the risks involved.
To do so, the participant needs to request this information to the email address
entidadesiberclear@grupobme.es
The aim of the Cross Border Services service is to offer Iberclear participants a single point of access to both to settlement and custody services in foreign markets in partnership with a global custodian.
After migrating to T2S, Iberclear's value offer aims to include all the T2S markets and, in this way, leverage the use of the accounts open by the participants in Iberclear, not only for domestic securities but also for those coming from other markets in this environment T2S, with the advantages of a centralized access via Iberclear.
One of the advantages of this service lays in the use of the securities held in the accounts in Iberclear, for auto-collateralization in T2S as well as for pledges in favour of the Bank of Spain, a CCP or any other entity with which the participant may engage in any similar collateralization agreement, something to be rolled out only in the securities accounts within a Central Securities Depository like Iberclear, which are now suitable for domestic and also for foreign securities.
Do not hesitate to contact us if you have any queries or complaints.
Iberclear has links with other central securities depositories as issuer and investor.
In the first case, it does so with SIX, Clearstream Banking Frankfurt, Euronext Securities Milan and ESES France. In the latter, in addition to those mentioned above, it has links with ESES Netherlands, Euronext Securities Porto, OEKB, NBB-SSS, B3 Bovespa and Caja de Valores. In both cases, the type of assets are public debt, private debt and equity.
To facilitate cross-border mobility of securities, Iberclear maintains links with other central securities depositories at the European and international levels. Iberclear is an issuer CSD in the following links: Clearstream Banking Frankfurt, Euronext Securities Milan, ESES France and SIX. Iberclear is an investor CSD in the following links: Clearstream Banking Frankfurt, Euronext Securities Milan, ESES France, ESES Netherlands, Euronext Securities Porto, OEKB, SIX, NBB-SSS, B3 Bovespa and Caja de Valores.
The objective is to provide Iberclear participants with a single point of access to both settlement and custody services in foreign markets, in collaboration with a global custodian.
Links with other CSDs enable participants to access more markets, which facilitates cross-border investment and reduces settlement costs and times. This increases market liquidity and competitiveness, as securities can be traded and transferred more easily between different financial systems.
