Euroclear builds and operates a local settlement platform for the Central Bank of the UAE.
I mentioned, just last week, how busy Euroclear has been this end of year delivering new Euroclearable solutions around the world. From the Yulan to the Origami, respectively new Chinese and Japanese new asset classes.
Now we turn to the Middle East.
The Central Bank of the UAE announced today that, effective 11 January 2021, a new securities issuance program for licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced. These securities will be auctioned and traded through Bloomberg LP primary and secondary market solutions and settled through a local platform, compliant with international standards, built and operated by Euroclear.
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CBUAE to launch Monetary Bills in collaboration with Euroclear and Bloomberg | Press |
