Romanian Investors May Trade Eurobonds On Intl Stock Exch – Central Depository

"As regards the new service provided by Romania’s central depository, we expect to see a growth in the cross-border activities, simultaneously with encouraging the eurobonds listing and trading on the Bucharest Stock Exchange," Central Depository’s general manager Adriana Tanasoiu said Wednesday in a press release.

In order to discount the transactions with eurobonds, the participants in the Depository’s clearing-settlement and RoClear registry system will be able to use the same connection used for discounting the operations made on Bucharest bourse, Tanasoiu added.

"The participants will benefit from an adequate grid negotiated on their behalf by the Central Depository with Clearstream Banking Luxembourg," Tanasoiu stated.

According to the press release, the fee levied for trading eurobonds is lower than the one established by other similar European institutions.

The Central Depository has a share capital of 21.7 million lei (EUR1=RON4.2772).

The Bucharest Stock Exchange is the largest shareholder in the depository, with a 57% stake.

Among the minority shareholders, there are Romania’s five regional investment funds, or SIFs, several banks and investment funds.