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Clearstream Banking S.A. and LCH Ltd have agreed to make LCH-cleared equities contracts eligible for settlement within Clearstream Banking S.A.
As part of the new connection, all global depository receipts listed on London Stock Exchange’s International Order Book (including Asia-Pacific global depository receipts) as well as the full suite of internationally settled exchange-traded products (ETPs), such as exchange-traded funds (ETFs), exchange-traded notes (ETNs) and exchange-traded commodities (ETCs) which are listed on the exchange’s ETP trading service, are expected to be available for settlement through Clearstream in the third quarter of 2020.
Global depository receipts have been increasingly popular, with an average daily trading turnover of...
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