Clearstream Spotlight

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Clearstream Spotlight One belt, one road Enhancing access Clearstream is committed to strengthening ties throughout the Caucasus region. These strategic to Central Asia network expansions represent key steps in our approach to increasing our customers’ access to Russian, Commonwealth of Independent States (CIS) and Central Asian assets. Our emerging market approach enables us to drastically accelerate our time to market for new links whereby as demand for new services grow and volume develops these links can be upgraded. Georgia Following the enhancement of the Georgian Lari (GEL) to a full settlement currency, in January 2016 Clearstream opened a new settlement link to the country. Through this domestic The new settlement link to Kazakhstan further expands link, we offer Georgian government bonds and supranational bonds via Clearstream’s international market coverage. our local partner, the Bank of Georgia. Furthermore, we have recently Following the activation of our market payment settlement in all eligible made a selection of GEL-denominated links in Georgia and Armenia during currencies within Clearstream plus corporate bonds available for 2016, Clearstream has further our full custody, reconciliation and settlement, custody and asset servicing. enhanced its offering in the Central asset servicing offering for these Asia region by opening a new instruments. The payment of all Armenia settlement link to Kazakhstan. income and redemption proceeds In July 2016, our 56th domestic market will be conducted in the local link was opened, a direct link to Our network extension to Kazakhstan, currency, whereas customers the Armenian market. Representing representing Clearstream‘s 57th will have the option of receiving the first step in further strengthening market link, is part of our ongoing payment in KZT or any other currency customers’ access to the Caucasus efforts to provide international currently offered by Clearstream. region as a whole, the Armenia link investors with improved access offered customers’ new possibility to the Eastern region. Customers will Adding the Kazakhstan market to settle in Armenian Dram (AMD). be able to access Kazakhstani Tenge to our network reinforces our position (KZT)-denominated government bonds as a leader for ICSD global market The wider region and national bank notes via an indirect coverage. Institutional investors who In the view of further reinforcing our link through Citibank Kazakhstan. are active in the Caucasus and Central leading position in terms of domestic Asian markets will be able to access market coverage by an ICSD we are In an initial phase, we will offer this growing market through continuously looking at opening new external free-of-payment settlement Clearstream, acting as your single market links in line with customer with local Kazakh counterparties gateway to Kazakhstan’s capital demand. These market additions may and full free of payment and against markets, the entire region and beyond. be in the greater CIS region or elsewhere in the Middle East and Africa. More information For more information on these topics, please contact your Relationship Manager. If you would prefer not to receive our email news, please ask your RM to remove you from the mailing list. 7214/09.18.

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