Citi offers third-party clearing in Singapore
Members of the Singapore Stock Exchange can now use Citi for third-party clearing.
Citi has added third-party clearing for brokers on the Singapore Stock Exchange (SGX) to its suite of securities and fund services available in the city-state.
The bank is one of the first financial institutions to offer third-party clearing on an exchange in Singapore following the city's June decision to allow banks to offer securities clearing services. Prior to the regulatory change, SGX member brokers were required to provide both trading and clearing.
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