SIX has announced that it will provide Spanish securities clients with direct market access to Iberclear, the Spanish Central Securities Deposit (CSD).
This follows SIX’s 2020 acquisition and integration of BME Group, which has a significant Spanish presence.
Using the local custody service, clients will benefit from accelerated operational services, the company says.
Stephan Hänseler, head of international custody operations at SIX, says: “SIX has established this direct link to Iberclear in line with its direct market access strategy. This enables SIX to provide high quality transaction services, asset servicing and tax services based on the safekeeping of Spanish securities of its international custody clients.”
Jesus Benito, head of domestic custody operations at SIX, adds: “The new direct market access is developed to protect a broad range of asset classes, combining the Swiss and Spanish securities services expertise of SIX. Our best-in-class market access models, combined with its growing international presence, are the basis for flexible end-to-end securities services.”
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