The Malta Stock Exchange (MSE) and Clearstream, the post-trade arm of Deutsche Börse Group, said today that they intend to offer settlement for Maltese domestic securities by working closely together to improve cross-border settlement.
Clearstream and the MSE will offer settlement in Clearstream via the Maltese Central Securities Depository (MSCD) for all types of maltese securities (stocks, Government securities, investment funds) against Central Bank Money.
MSE chief execuritve Mark A Guillaumier said:
“Clearstream Banking is a leading institution in the area of international settlement and the Malta Stock Exchange is delighted to participate in this joint project aimed at facilitating international business on our market."
Andreas Wolf, CEO, Clearstream Banking AG, Frankfurt said:
“We are very pleased to support Malta in offering international investors’ access to Maltese domestic securities. Our solution will provide a flexible, efficient and appropriate access to the Maltese market."