Clearstream

Clearstream
Company typeSubsidiary
IndustryFinance
FoundedJanuary 2000 (2000-01)
Headquarters,
Products(International) Central securities depository
Members5,000+
ParentDeutsche Börse
Websitehttp://www.clearstream.com

Clearstream or the Clearstream Group is the central securities depository arm of the Deutsche Börse Group. It provides settlement and custody as well as other related services for securities across all asset classes. Its subsidiary in Luxembourg, Clearstream Banking SA, is one of two world-leading International central securities depositories (ICSDs), the other one being Euroclear Bank. Both the main German national CSD, Clearstream Banking AG, and the national CSD of Luxembourg, LuxCSD, are also part of Clearstream. Clearstream Banking AG and Clearstream Banking SA are held via intermediate holding company Clearstream Holding AG.[1]: 231–232 

As of 2017, Clearstream had around 2,500 customers in 110 countries.[2]

The name "Clearstream" is often misinterpreted as indicating a clearing activity of the Clearstream Group, which is not the case as the clearing arm of Deutsche Börse is a separate entity, Eurex Clearing. This confusion comes from the name originating in a bygone era when securities clearing and settlement were often viewed as a single activity.[3]: 16 

  1. ^ Deutsche Börse Group Annual Report 2023 (PDF)
  2. ^ "Who we are". Archived from the original on 2017-03-03. Retrieved 2017-02-19.
  3. ^ Peter Norman (2007). Plumbers and Visionaries: Securities Settlement and Europe's Financial Market. London: John Wiley & Sons.

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