CSD Prague opens direct account in Euroclear Bank
December 6, 2017

CSD Prague says it has opened a direct account in Euroclear Bank SA/NV.

CSD Prague says its co-operation with Euroclear will enable it to provide a wider range of services and to have access to many additional foreign markets.

"This relationship with Euroclear will provide us with a safe and efficient settlement link permitting us to use all services related to corporate events and the potential to further develop services related to foreign securities", says Helena Čacká, CEO of CSD Prague. This step has been welcomed by many CSD Prague participants and could open new opportunities for Prague Stock Exchange.

Adds Petr Koblic, CEO of Prague Stock Exchange and Chairman of the Board of CSD Prague: "Capital markets are facing multiple challenges in the field of legislation, technology and innovation in general. Euroclear is a leading company which explores new technology solutions and implements them together with its participants. I am glad that we are a member of such a group and that our market can benefit from working with Euroclear."





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CSD Prague says it has opened a direct account in Euroclear Bank SA/NV.

CSD Prague says its co-operation with Euroclear will enable it to provide a wider range of services and to have access to many additional foreign markets.

"This relationship with Euroclear will provide us with a safe and efficient settlement link permitting us to use all services related to corporate events and the potential to further develop services related to foreign securities", says Helena Čacká, CEO of CSD Prague. This step has been welcomed by many CSD Prague participants and could open new opportunities for Prague Stock Exchange.

Adds Petr Koblic, CEO of Prague Stock Exchange and Chairman of the Board of CSD Prague: "Capital markets are facing multiple challenges in the field of legislation, technology and innovation in general. Euroclear is a leading company which explores new technology solutions and implements them together with its participants. I am glad that we are a member of such a group and that our market can benefit from working with Euroclear."



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