Euroclear Bank will offer settlement, custody and related post-trade services for all Brazilian equities and domestic fixed-income securities, Mondovisione reports. The bank will send the transactions in these securities to its local agent for processing in one of the three Brazilian central securities depositories (CSDs).
The three CSDs are Câmara de Custódia e Liquidação for corporate bonds, Companhia Brasileira de Liquidação e Custódia for equities and Sistema Especial de Liquidação e de Custódia for government bonds. Clients will be able to settle transactions in Brazilian domestic securities through Euroclear’s agent, Citibank.
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