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Clearstream

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

Clearstream is a financial services company that specializes in the settlement of securities transactions and is owned by Deutsche Börse AG. It provides settlement and custody as well as other related services for securities across all asset classes. It is one of two European International central securities depositories (Euroclear being the other).

Clearstream operates securities settlement systems [1] based in both Luxembourg and Germany, which allow for the holding and transfer of securities.

Clearstream operates its International Central Securities Depository (ICSD) from Luxembourg. It is also a joint partner in the Luxembourgish Central Securities Depository (CSD), LuxCSD, together with the Central Bank of Luxembourg.[2] In Germany, Clearstream operates the German CSD, Clearstream Banking AG. Clearstream has links to over 50 domestic markets worldwide, and also issues and safekeeps Eurobonds.

In 2014, the value of assets under custody on behalf of customers averaged 12.2 trillion euros; furthermore, Clearstream processed 43.65 million ICSD and 82.68 million CSD settlement transactions.[3]

Clearstream has around 2,500 customers in 110 countries.[4] Clearstream accepts central banks and AML-regulated credit institutions (such as regulated banks) as customers. Clearstream does not accept natural persons as customers and no account is opened in the name of a natural person.[5] Clearstream has therefore been described as a "bank for banks".[6]

Clearstream has operational centres in Cork, Luxembourg, Prague and Singapore. It also maintains representative offices in London, Hong Kong, Tokyo, Dubai, New York, and Zurich.[7]

  1. ^ "Securities settlement systems and central counterparties". European Central Bank. Retrieved 1 August 2018.
  2. ^ "Company Governance". Archived from the original on 2015-05-18. Retrieved 2015-05-07.
  3. ^ "Deutsche Börse Group - Latest press releases". deutsche-boerse.com. Archived from the original on 18 May 2015. Retrieved 1 August 2018.
  4. ^ "Who we are". Archived from the original on 2017-03-03. Retrieved 2017-02-19.
  5. ^ "Becoming a Clearstream customer". Archived from the original on 2015-03-23. Retrieved 2015-05-07.
  6. ^ Norman, Peter (2007). Plumbers and visionaries : securities settlement and Europe's financial market. Chichester, England Hoboken, NJ: John Wiley & Sons. ISBN 978-0-470-72425-5. OCLC 297185749.
  7. ^ "Office Locations". Archived from the original on 2015-03-23. Retrieved 2015-05-07.

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