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BSE signs collateral agreement with Clearstream

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Reuters MUMBAI
Last Updated : Jul 23 2015 | 4:28 PM IST

MUMBAI (Reuters) - Offshore investors in Indian exchange BSE Ltd will be allowed to post triple-A rated foreign sovereign bonds as collateral with Clearstream's clearing systems when trading, the two companies said in a joint statement on Thursday.

The agreement between BSE unit Indian Clearing Corp Ltd and Clearstream will comply with Indian regulations, the statement said.

Clearstream is a unit of Deutsche Borse Group, which owns 5 percent of BSE Ltd.

(Reporting by Suvashree Dey Choudhury and Rafael Nam; Editing by Subhranshu Sahu)

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First Published: Jul 23 2015 | 4:12 PM IST

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