Strip Bonds Information Centre

Development of Strip Bond Services in World Markets

North American markets were the first to develop strip bond support services. The table below summarizes the key developments in strip bond services in the countries that offer such a service through a central securities depository. The information was obtained primarily from the public web sites that are provided in the Links section. The countries are sorted by the start date of their strip bond service, where this information is available.

Generally, the services are similar, with the most significant differences being in Canada and New Zealand. See International Comparison for more details.

The map below shows the geographic distribution of strip bond services offered by securities depositories. Most of the countries are European, where most of the demand for strip bonds is concentrated in France and Spain.

World map showing countries offering strip bond services

Indicates country where strip bond service is offered or under development.

Start dates for strip bond services
Country Stripping started Reconstitution started Physical strip bond deposits Strip bond packages
United States of America Feb. 1985 1985 not published not offered
Canada Jan. 1987 Jun. 1993 Jan. 1987 Jun. 1993
France Jun. 1991 Jun. 1991 not offered not offered
Belgium Oct. 1992 Oct. 1992 not offered not offered
The Netherlands Feb. 1993 Feb. 1993 not offered not offered
Austria Oct. 1996 Oct. 1996 not offered not offered
Spain Jul. 1997 Jul. 1997 not offered not offered
Germany mid 1997 mid 1997 not offered not offered
United Kingdom Dec. 1997 Dec. 1997 not offered not offered
Italy 1998 1998 not offered not offered
Sweden not published not published not offered not offered
New Zealand not published not published not offered not offered
South Africa Jan. 2002 Jan. 2002 not offered not offered
India Oct. 2009Oct. 2009;not offered;not offered;
Japan Jan. 2003 Jan. 2003 not offered not offered
Korea Jan. 2004 - announced intention to develop service   


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