The ICSDs, Clearstream Banking S.A. and Euroclear Bank SA/NV, are initiating a new qualification process the selection of Common Depositaries, Common Service Providers and Common Safekeepers. At the end of which, qualified institutions will be invited to participate in a tender process that will determine the levels of remuneration for each function.
Qualification of prospective candidates will be assessed jointly by both ICSDs and candidates must satisfy, at a minimum, a set of pre-qualifying criteria, followed by a second stage qualification process comprising a due diligence review.
Full details of the whole process are available in the below downloadable invitation (pdf-219KB).
All interested parties are invited to complete the official aand send a copy, printed on the company’s letterhead, to each ICSDs by 18:00 (CET) on 24 May - in accordance with the requirements set out in section 15 of the downloadable invitation (pdf-219KB).