Belarusbank and Deutsche Borse AG Signed Memorandum of Understanding
OREANDA-NEWS On 19 December was announced, that Belarusbank and Deutsche Borse AG, the operator of Frankfurt Stock Exchange, (Frankfurter Wertpapierborse), signed the Memorandum of Understanding. The Memorandum defines the Parties' intentions regarding development of Belarusian Stock Exchange market and it will be an additional factor that facilitates for Belarusian companies approach international capital market.
In accordance with the Memorandum the Parties intend to share information and cooperate in the following:
- mutual assistance and cooperation in the field of transactions development on capital market in Belarus as well as in Germany;
- Bank's support receiving by the Stock Exchange and its listing-partners in searching of Belarusian enterprises, proper for IPO realization on the Stock Market;
- the Stock Exchange's support receiving by the Bank in the activity that is associated with Belarusian enterprises promotion to the Stock Exchange and with German companies attracting to Belarusian Stock Market.
As the first step towards Memorandum implementation the Parties discussed holding of the workshop for interested Belarusian enterprises and banks on the topic "Access to European capital market and international investors for Belorussian companies". This workshop was held in the first decade of December in Minsk.
For reference. Deutsche Borse AG - an integrated stock organization that rends such services as electronic commerce arrangement, clearing, settlements of transactions accounts, depository and information services.
Since 1993 Deutsche Borse is an operator of Frankfurt Stock Exchange (Frankfurter Wertpapierborse). This Stock Exchange owns 100% of the Statutory Capital of the company "Clearstream" (Central Securities Depositary for the markets of Germany and Luxemburg and also international depositary for Eurobond and shares market), 50 % of Statutory Capital of Eurex (world largest stock field for derivative trade), and 100 % of the Statutory Capital of Deutsche Borse System (technological complex). Spot market trading is carried on Xetra trade platform (electronic trading and trading with voice help), established in 1997. Over 2900 employees work in Deutsche Borse offices, located in Germany, Spain, Luxemburg, Switzerland. The Stock Exchange also has its representative offices in Hong-Kong, Dubai, London, New-York. Paris and Chicago.
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