BSE Signs Collateral Agreement With Clearstream

Mumbai: Offshore investors in 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 per cent of BSE Ltd.