Euroclear and Peru’s Ministry of Economy and Finance have signed a memorandum of understanding committing to cooperate in the development of a new international link for Peru. 

Once implemented, the international link (i-link) will allow domestic Peruvian issuers to efficiently tap into the international liquidity pool provided by Euroclear’s global investor client base. 

The agreement also allows Peruvian investors to trade with international counterparties, thus enhancing Peru’s reputation as a leading capital market within Latin America.

“Through Euroclear’s i-link platform we will have access to an extremely large number of financial institutions that make up Euroclear’s core client base," said Alonso Segura Vasi , the Minister of Economy and Finance of Peru. “This platform will elevate the Peruvian capital market to the recognised standards of other developed international markets.”

The development of this i-link will allow Peru to increase domestic liquidity, lower price volatility and reduce the financial cost of our sovereign bonds, ultimately boosting the development of the Peruvian public debt market.

Euroclear’s i-link will align Peru’s capital market with established international standards. The planned development will provide domestic and international investors a single channel to access Peru’s capital market which will result in improved efficiency and a reduction in associated costs.

“Euroclear is honoured to be a partner in the internationalisation of Peru’s capital markets. This landmark agreement will allow us to bring our established international link solution to Peru to the benefit of the local economy as a whole," said Stephan Pouyat, global head of capital markets for Euroclear. 

"Once the international link is in place, it will provide local issuers with an efficient and cost-effective channel through which to access a new reliable source of funding by pairing their demand with international investor liquidity.”

Euroclear’s i-link with Peru is expected to go live before the end of 2015.