Asean Exchanges Develop Unique Post Trade Solution and Appoint Deutsche Bank for Custody and Settlement Services Bali, Indonesia, Apr 4, 2014 - (ACN Newswire) - The 20th ASEAN Exchanges CEOs meeting held here today concluded with a milestone agreement regarding custody and settlement services on the ASEAN Trading Link. In the pursuit to develop an integrated ASEAN capital market, ASEAN Exchanges have appointed Deutsche Bank for custody and settlement services. This will mark yet another key milestone since the rollout of the ASEAN Trading Link in September 2012. Ito Warsito, Chief Executive Officer, Indonesia Stock Exchange said, "ASEAN Exchanges have made significant progress in meeting several key milestones in our effort to promote the integration of the ASEAN capital market." "We are focused on delivering on our four implementation pillars which are: driving cross border collaboration; streamlining access to ASEAN; creating ASEAN centric products and implementing targeted promotional initiatives. We are delighted to note that the promotion of ASEAN as one asset class has also taken a life of its own with a number of broker led initiatives, a continuation from our Invest ASEAN events," continued Mr. Ito. Tajuddin Atan, Chief Executive Officer, Bursa Malaysia said the appointment of a custody and settlement services provider is an important development. "We can now provide streamlined and cost-effective post-trade procedures for cross-border transactions conducted via the ASEAN Trading Link." The ASEAN Exchanges will nevertheless continue to improve the post trade services. Since the launch of ASEAN Exchanges in Bali in April 2011, a number of key initiatives have been rolled out. Some of these include the ASEAN Trading Link, the ASEAN Stars and the Invest ASEAN retail roadshow. Collectively, these initiatives have created significant awareness of ASEAN as an attractive location for retail and institutional investors. The seven ASEAN Exchanges have a combined market capitalisation of approximately USD2.90 trillion and more than 3,600 companies listed on their exchanges. These companies include some of the largest and most dynamic companies in the world, encompassing various sectors such as banking and finance, energy, telecommunications, commodities and manufacturing. About ASEAN Exchanges ASEAN Exchanges is a collaboration of seven exchanges from Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The collaboration aims to promote the growth of the ASEAN capital market by driving cross-border collaboration, streamlining access to ASEAN, creating ASEAN centric products and implementing targeted promotional initiatives. The goal of the collaboration is to bring more ASEAN investment opportunities to more people as well as enhance liquidity amongst members of the collaboration. ASEAN Exchanges' CEOs comprise Dato' Tajuddin Atan of Bursa Malaysia Berhad, Dr. Tran Dac Sinh of Hochiminh Stock Exchange, Mr. Tran Van Dzung of Hanoi Stock Exchange, Mr. Ito Warsito of Indonesia Stock Exchange, Mr. Hans B. Sicat of The Philippine Stock Exchange, Mr. Magnus Bocker of Singapore Exchange, and Mr. Charamporn Jotikasthira of the Stock Exchange of Thailand. For more information, please visit www.aseanexchanges.org. ASEAN Exchanges Bursa Malaysia Berhad Looi Sze Yan Strategic Communications Tel.: +60 3 2034 7447 Mobile: +60 12 2509 106 E-mail: email@example.com Hochiminh Stock Exchange Nguyen Thi Viet Ha Vice President, Research & Development Department Tel: +84 8 3821 7712 ext 2101 Fax : +84 8 3821 7452 Mobile: +84 902 568 188 E-mail: firstname.lastname@example.org Hanoi Stock Exchange Nguyen Hoang Linh Chief Administration Officer Tel: +84 4 3941 2626 ext. 808 Fax: +84 8 3934 7818 Mobile: +84 9040 00989 E-mail: email@example.com Indonesia Stock Exchange Poltak Hotradero Research and Development Division Head Tel: +6221 515 0515 ext. 4100 Fax: +6221 515 0118 E-mail: firstname.lastname@example.org The Stock Exchange of Thailand Kanokwan Khemmalai Head, Corporate Communications Dept. Tel.: +662 229 2048 E-mail: email@example.com Singapore Exchange Ltd Carolyn Lim Vice President Head of Media Relations Marketing & Communications Tel.: +65 6236 8139 E-mail: Carolyn.firstname.lastname@example.org The Philippine Stock Exchange, Inc. John Benette B. Mamangun Investor Relations Officer Head, Corporate Planning and Investor Relations Division Tel: +632 6887524 E-mail: email@example.com Copyright 2014 ACN Newswire. All rights reserved. Provider ID: 00016322
Asean Exchanges Develop Unique Post Trade Solution and Appoint D
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