Panama City
02 April 2014
Reporter: Stephen Durham

Euroclear and Latin Clear welcomes global investors


Euroclear Bank and Central Latinoamericana de Valores SA (Latin Clear) are to launch an international link to enable global investors to participate in Panama’s capital markets. The link is to be sponsored by Panama’s Ministry of Economy and Finance (MEF).

MEF viceminister of finance, Darío Espinosa, commented: “We are proud to say that Panama’s economy has the highest rate of growth in Latin America.”

“In order to continue to contribute to this stellar economic performance, and to consolidate our position as a regional financial services hub, we are very pleased to be part of this initiative, led by Euroclear and Latin Clear, which will allow Panama to access a broader base of foreign investors and diversify our funding sources.”

Stephan Pouyat, global head of international markets for Euroclear, said: “This innovative Euroclear international link makes use of a single post-trade platform for both domestic and international investors, thus creating a single pool of liquidity.”

“We are delighted to be able to offer a robust solution based on our technology and expertise to the Panamanian capital markets and we look forward to helping the Republic of Panama achieve its strategic objective of becoming a key financial centre for Latin America.”

Iván Díaz, CEO and general manager of Latin Clear, added: “By utilising Euroclear’s proven infrastructure, we will be able to offer our investors and issuers access to a broad range of international counterparties while simultaneously offering investors from across the globe easy access to Panamanian government debt initially.”

“We subsequently plan to add corporate debt and equities as well. We believe that this international link can act as a springboard for Panama, increasing scalability and ensuring that our capital markets can seamlessly adapt to the levels of economic growth that our country has witnessed over the past decade.”

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