Access Malta
09 June 2010 Luxembourg
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Malta Stock Exchange (MSE) and Clearstream intend to offer settlement for Maltese domestic securities by working closely together with the aim to improve cross-border settlement ahead of the implementation of Target2-Securities, the settlement system that the European Central Bank plans to introduce in 2014 for cross-border settlement.
Both parties plan to have a solution in place in the next twelve months.
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.
Mark A Guillaumier Chief Executive at MSE 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".
Both parties plan to have a solution in place in the next twelve months.
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.
Mark A Guillaumier Chief Executive at MSE 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".
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