Clearstream and Euroclear appoint BOCHK 29 July 2025Hong Kong Reporter: Zarah Choudhary
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Clearstream Banking and Euroclear Bank, the international central securities depositories (ICSDs), have appointed Bank of China (Hong Kong), or BOCHK, as common depository, safekeeper and service provider for eurobonds.
The two ICSDs act jointly as the central hub of ISIN allocation, issuance and deposit for eurobonds.
They work with a number of financial institutions worldwide acting as common depositories and safekeepers to support issuers and their agents across the international capital market.
BOCHK applied to, and successfully passed, the recent common depository qualification process and will be appointed as common depository, safekeeper and service provider to support the ICSDs’ global eurobonds issuance model.
BOCHK is expected to start its common depository service operations from 1 August 2025.
Andrew Law, head of custody and trust services at BOCHK, comments: “We are proud to support the expansion of the eurobond market, fostering greater participation from issuers and investors across the Asia Pacific region.
“BOCHK will continue to strengthen its role as a trusted partner in global finance and support the evolving needs of its clients.”
Kathleen Holemans, head of network management at Euroclear, says: “We are extremely pleased to be announcing the appointment of Bank of China (Hong Kong) as common depositary for our eurobonds.
“In our role as a Financial Market Infrastructure, we are committed to providing a gateway to the world providing stable capital flows that support the growth of international financial markets.”
Jan Willems, head of global markets at Clearstream, adds: “Clearstream is delighted to welcome Bank of China (Hong Kong) to our common depository network. This collaboration further expands the reach of the eurobond market within the dynamic Asia Pacific region. BOCHK's expertise will be invaluable in connecting APAC participants to this deep and liquid market.”
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