|
Asset type |
Clearstream Banking
Frankfurt
|
Euronet Securities
Milan |
ESES France |
SIX
|
|
Public debt |
Yes
|
Yes |
Yes |
Yes |
|
Corporate debt |
Yes |
Yes |
Yes |
Yes |
|
Equities
|
Yes
|
Yes |
|
Yes |
|
Asset type |
Clearstream Banking Frankfurt |
ESES France
|
ESES Netherlands |
Euronext Securities Milan |
Euronext Securities Porto |
Oe KB |
SIX |
NBB-SSS |
B3 Bovespa |
Caja de Valores |
|
Public debt
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
|
|
|
Corporate debt
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Yes
|
|
Equities
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Yes
|
Yes
|
(1) Iberclear makes the legal conditions of the link arrangement available to its participants, enabling them to valuate and manage the associated risks.
Participants need to request this information from the following email address:
entidadesiberclear@grupobme.es
The aim of the Cross Border Services is to provide Iberclear participants with a single point of access 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 T2S markets. This leverages the use of accounts opened by participants in Iberclear, for not only domestic securities, but also those from other markets in the T2S environment, offering the advantage of centralized access via Iberclear.
One of the advantages of this service is the ability to use securities held in Iberclear accounts, for auto-collateralization in T2S, as well as for pledges in favor of the Bank of Spain, a central counterparty (CCP), or any other entity with which participants may enter into similar collateralization agreements. This feature will only be rolled out in securities accounts within a central securities depository, such as Iberclear, which are now suitable for domestic and 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.
