Lima
12 February 2015
Reporter: Stephanie Palmer
Euroclear pairs up with Peru
Euroclear has signed a memorandum of understanding with Peru’s Ministry of Economy and Finance, pledging to cooperate in order to develop a new international link for Peru.

Named i-link, the connection will allow domestic Peruvian issuers to access the international liquidity pool provided by Euroclear’s investor client base. Investors based in Peru will also be able to trade with international counterparties, thereby promoting Peru as a capital market in Latin America.

The i-link will align Peru’s capital market with international standards, with the benefit of Euroclear’s reputation in the post-trade space.

I-link is also designed to provide domestic and international investors with a way in to Peru’s capital market, which will result in improved efficiency and a reduction of costs.

Alonso Segura Vasi, Peru’s minister of economy and finance, said: “Through Euroclear’s i-link platform we will have access to an extremely large number of financial institutions that make up Euroclear’s core client base, the majority of which are also long-term investors.”

“The development of this i-link will allow us to increase domestic liquidity, lower price volatility and reduce the financial cost of our sovereign bonds, ultimately boosting the development of the Peruvian public debt market.”

He added: “Euroclear’s i-link will permit local investors to diversify the counterparties they deal with while also connecting to a greater number of international investors.”

“This platform will elevate the Peruvian capital market to the recognised standards of other developed international markets. It will also provide both local and international investors a unique and cost-efficient channel through which to access the Peruvian capital market.”

Stephan Pouyat, Euroclear’s global head of capital markets said: “Euroclear is honoured to be a partner in the internationalisation of Peru’s capital markets. This landmark agreement will allow us to bring our established international link solution to Peru to the benefit of the local economy as a whole.”

“Once the international link is in place, it will provide local issuers with an efficient and cost-effective channel through which to access a new reliable source of funding by pairing their demand with international investor liquidity.”

The link is expected to go live before the end of the year.

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
MainstreamBPO to expand in Europe and Cayman through Trinity acquisition
23 May 2017 | Sydney | Reporter: Stephanie Palmer
MainstreamBPO has entered into an agreement to acquire Trinity Fund Administration in Dublin and the Cayman Islands
Julius Baer builds on UK and Ireland compliance team
22 May 2017 | London | Reporter: Stephanie Palmer
Julius Baer International has appointed John Dodds as head of compliance for the UK and Ireland
More news