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DBS to be first Singapore bank to act as settlement agent for China bonds

It will be first and only Singapore bank holding the licence, broadening access to US$13t Chinese onshore-bond market, the world's third largest

DBS will hold a Type-A licence, which will allow it to act as a bond settlement agent and custodian in the Chinese interbank bond market, in addition to conducting trades.


DBS Bank will be granted a settlement agent licence by the People's Bank of China (PBOC) that will permit Singapore's largest bank to trade, settle and provide custody for China's interbank bond market instruments on behalf of foreign investors, the Monetary Authority of...

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