Euroclear and Qatar Central Bank enable international settlement of local bonds
What happened
The Qatar Central Bank partnered with Euroclear to allow local government bonds and sukuk to be settled through the international securities settlement platform. Euroclear Bank will serve as the issuer central securities depository. This partnership broadens access to Qatar's domestic government debt market for global investors.
From zawya.com
Why it matters
The partnership increases the accessibility of Qatar's domestic government debt market to international capital. By enabling international settlement, it allows global investors to participate in the local bonds and sukuk market.
From zawya.com
Who's involved
- EuroclearProvides the international securities settlement platform and acts as the issuer central securities depository.
- Qatar Central BankPartnered with Euroclear to facilitate the international settlement of local government bonds.
- QatarThe sovereign state whose domestic government debt market is being opened to global investors.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- QatarSpeculative
The internationalization of the domestic government debt market could increase the demand for Qatar's local government bonds from global investors.