25 March 2018
visit www.ebaday.com

Romanian CSD appoints Citi for international settlements

10 December 2007  |  1600 views  |  0 Source: Citi

Depozitarul Central S.A., the Romanian central securities depository, today announced that it has appointed Citi to provide international settlements through the local market infrastructure.

The value added service will enable members of Depozitarul Central S.A. to efficiently settle international securities dual listed in Romania and subsequently international securities listed on other global regulated markets.

By aligning with Citi and leveraging its international settlement network, Depozitarul Central S.A. members will be able to settle and custody international securities utilizing existing Depozitarul Central S.A.
accounts. All participants will enhance their ability to execute strategies in global markets through access to a common technology platform leading to economies of scale, increased efficiencies and improved client service.

Adriana Tanasoiu, General Manager & CEO of Depozitarul Central S.A. said, "The global securities market is undergoing rapid transformations and it is important that infrastructures continue to innovate and find new ways to create opportunities for their clients. By working with Citi and leveraging its global settlement network, Depozitarul Central S.A. is responding to its clients' need for international settlements and custody by providing such services to them in an efficient and cost effective manner."

Giulio di Cerbo, Managing Director and Global Head of Citi's Infrastructure group, said, "Citi is pleased to be working closely with Depozitarul Central S.A. to create this innovative market solution. By responding proactively to client demands in an increasingly globalized and evolving regulatory market, Depozitarul Central S.A. is a leader in this space. Citi is proud to be using its international capabilities to provide this solution in Romania, as it clearly highlights the growing trend of local depositories seeking to offer international capabilities as a value added service for clients."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
www.currencycloud.comvisit www.ebaday.com

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
15004 views 0 | 8 tweets | 5 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
12502 views comments | 16 tweets | 35 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
12140 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
10882 views comments | 14 tweets | 32 linkedin
Germany's N26 readies for US launch with EUR110 million capital injection led by Allianz and TenCentGermany's N26 readies for US launch with E...
9041 views comments | 15 tweets | 11 linkedin

Featured job

Find your next job