Georgia becomes Clearstream’s 55th domestic market link
On 11 January 2016, Clearstream will start operating its new domestic market link to Georgia, via its new local custodian and cash correspondent bank, the Bank of Georgia.
The link will initially offer Georgian government bonds and supranational bonds, supporting internal free of and against payment settlement in all eligible currencies -including Georgian Lari (GEL)- and external FOP settlement plus our full custody, reconciliation and asset servicing offering. We plan to expand the service offering as demand grows.
The opening of our link to Georgia follows the enhancement of the GEL into a full settlement currency.
These strategic moves mark another step in our approach to increase access to the CIS and Caucasus regions, with a further link to Armenia planned during H1 of 2016.
For further information, please read our Spotlight “New link to Georgia extends coverage to the Caucasus”.
