US EditionSecurities Depository Center Company, Clearstream partner to introduce new post-trade services in Saudi capital market
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Securities Depository Center Company, Clearstream partner to introduce new post-trade services in Saudi capital market
The Securities Depository Center Company (Edaa) and Clearstream have signed a Memorandum of Understanding (MoU). The post Securities Depository Center Company, Clearstream partner to introduce new post-trade services in Saudi capital market appeared first on FX News Group.
Edaa and Clearstream Partner to Boost Saudi Market Infrastructure
A key initiative under the partnership is the creation of the Saudi Collateral Management Service (SCMS), a centralised triparty system designed to automate and optimise collateral and financing activities. The service will aim to enhance liquidity and efficiency in the Saudi market while linking it more closely to international investors. Edaa CEO Hanan Alshehri said the collaboration “marks a vital step in our endeavours to enhance the overal…
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