Clearstream flicks the switch on CMU link

Clearstream will flick the switch on a live link with Hong Kong's Central Moneymarkets Unit (CMU) this Monday giving account holders access to the securities held by the global clearing house. The likely result will be an increased local investor appetite for euro denominated bonds. Speaking about the launch, the executive director of Clearstream in Asia, Philippe Metoudi, says the real-time link is part of the Hong Kong Monetary Authority's strategy to maintain its position as a reg…