KAS BANK expands European network with Austria

With effect from Monday 7 July 2008, KAS BANK N.V. acts as General Clearing Member for the Austrian market, which will enable both local brokers and remote members to settle exchange trades through KAS BANK’s European clearing and settlement platform. In total KAS BANK now offers its clients a direct link to seventeen European markets, Hong Kong, Dubai and the USA.

In recent months, KAS BANK’s operational specialists have thoroughly investigated the Austrian market, amongst others by acquiring CCP Austria clearing certificates.

This additional General Clearing Membership underlines our commitment to provide integrated European clearing & settlement services via our single platform to the main European regulated markets and Multilateral Trading Facilities (MTFs).