Monte Titoli, a European central securities depositary (CSD) and provider of financial settlement services, has set up a new settlement link with Euroclear in the U.K. and Ireland, Finextra reports. The move will let participants further harmonize settlement of their cross-border trading activity within Europe.
Monte Titoli has now been connected to nine CSDs in Europe and the U.S., including ICSDs Euroclear Bank and Clearstream Luxembourg. The CSD provider already offers cross-border settlement and custody services for more than 100 banks in these markets.
Click here for the story from Finextra.