HKEX selects Euroclear's international ETF structure
May 7, 2019

Euroclear Bank, the Brussels based international central securities depository (ICSD), and Hong Kong Exchanges and Clearing Limited (HKEX) have collaborated to enhance the distribution of European ETFs (exchange-traded funds) in Asia. HKEX has become the first stock exchange in Asia to adopt the ICSD ETF settlement model in Euroclear Bank.

Euroclear says that European ETF issuers will now be able to expand their distribution network to Asia and grow ETF liquidity. It adds that investors will benefit from improved settlement efficiencies and a reduction of costs and risks.

Launched in 2013, Euroclear's international structure for ETFs provides one place of settlement, an ICSD, thereby significantly reducing the complexity, cost and risk involved in ETF issuance. ETFs with a value of EUR 230 billion are currently issued in the international structure, it notes.





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Euroclear Bank, the Brussels based international central securities depository (ICSD), and Hong Kong Exchanges and Clearing Limited (HKEX) have collaborated to enhance the distribution of European ETFs (exchange-traded funds) in Asia. HKEX has become the first stock exchange in Asia to adopt the ICSD ETF settlement model in Euroclear Bank.

Euroclear says that European ETF issuers will now be able to expand their distribution network to Asia and grow ETF liquidity. It adds that investors will benefit from improved settlement efficiencies and a reduction of costs and risks.

Launched in 2013, Euroclear's international structure for ETFs provides one place of settlement, an ICSD, thereby significantly reducing the complexity, cost and risk involved in ETF issuance. ETFs with a value of EUR 230 billion are currently issued in the international structure, it notes.



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