Clearstream and Edaa Partner to Enhance Saudi Capital Market Post-Trade Services
Clearstream, the international central securities depository of Deutsche Börse Group, and Edaa, a subsidiary of the Saudi Tadawul Group, have signed a Memorandum of Understanding to introduce advanced post-trade services in the Saudi capital market. The collaboration aims to boost market efficiency and attract both domestic and international investors.
The initiative builds on Clearstream's 2021 MOVE to provide clients access to the Saudi market via Edaa. The partnership will focus on developing new services, including collateral management, securities lending and borrowing, fund services, and digital securities. A key project is the Saudi Collateral Management Service (SCMS), a centralized triparty system designed to automate and optimize financing and collateral management.
