KSD Signs Contract with Clearstream for Establishment and Operation of Integrated Government Bond Account

On the 30th, the Korea Securities Depository announced on the 31st that it had signed a contract with Clearstream in Luxembourg to establish and operate an integrated government bond account.

(From left) Lee Sun-ho, President of Korea Securities Depository, Philip Brown, CEO of Clearstream
[Photo by Korea Securities Depository]

The integrated government bond account is an account opened by Clearstream, an International Central Securities Depository (ICSD), for the Korea Securities Depository, allowing foreign investors to collectively hold and manage government bonds without opening individual accounts in Korea.

Lee Sun-ho, President of the Korea Securities Depository, stated, "With this, the legal and institutional consultations for establishing the ICSD integrated government bond account have been completed," and added, "We will do our best to implement the linked system that will continue in the future."

Previously, on the 28th, the Korea Securities Depository signed a contract to establish and operate an integrated government bond account system with another ICSD, Euroclear.

The Korea Securities Depository plans to actively promote the development of the linked system following the completion of this integrated government bond account contract and aims to launch the integrated government bond account service in the first half of next year.

This content was produced with the assistance of AI translation services.