Euroclear Signs Cooperative Agreement With Central Depository Services (India)
Euroclear and Central Depository Services (India) have signed a memorandum of understanding, establishing a basis of cooperation with the goal of developing a closer working relationship in the future. Both organisations aim to promote cross-border investment to foster the prosperity of their respective clients and markets. The two companies will explore the timing and possibility of establishing an operational link between the central securities depositories. The agreement includes regular meetings between senior management to increase mutual understanding of business developments, operating models and related improvement opportunities and an exchange of staff and training to increase understanding and knowledge of the respective securities markets. In addition, they will develop joint studies on topics related to securities depository operations and joint conferences, seminars and workshops on topics of mutual interest.