Clearstream International

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Clearstream
Clearstream.gif
Founded 2000
Headquarters Luxembourg
Key People Marc Robert-Nicoud, CEO
Products Clearing and settlement of fixed-income products and equities
Website clearstream.com

Cleastream International is a wholly-owned subsidiary of Deutsche Boerse, formed from the January 2000 merger of Cedel International and Deutsche Boerse Clearing. It operates the German and Luxembourg central securities depositories and an international central securities depository for the Eurobonds market. The business provides a variety of post-trade services, such as issuance, settlement, securities financing and general custodian banking.[1]

It is one of the world’s largest settlement and custody firms for domestic and international securities, with 18 trillion Euros in assets under custody and more than 2,500 customers in 110 countries.[2]

On April 27, 2024, Clearstream announced its intention to make an investment in Digital Vault Services (DVS), a fintech company offering issuance and safekeeping services for digital bank guarantees and sureties in Europe.[3]

History[edit]

Clearstream has many forerunners, but the main two are Deutsche Boerse Clearing and Cedel International. Deutsche Boerse Clearing was formerly Auslandskassenverein, the German Central Foreign Securities Depository, and Deutscher Kassenverein, the German Central Securities Depository, until 1996, when those entities merged.[4][5]

The merger of Cedel and Deutsche Boerse Clearing was announced in January 2000 and completed in 2002.[6]

In April of 2023, Clearstream created a new bank in Luxembourg, Clearstream Fund Centre S.A., dedicated to serving institutional fund investors. The new bank will serve Clearstream’s fund execution business Vestima, providing access to more than 230,000 funds in over 50 markets.[7]

Organization[edit]

Clearstream International S.A., based in Luxembourg, is a 100 percent owned subsidiary of Clearstream Holding AG, based in Frankfurt, which is in turn a 100 percent held subsidiary of Deutsche Boerse Group.

Clearstream International has five 100 percent wholly owned divisions:

Clearstream Global Securities Services, based in Cork, Ireland.
Clearstream Banking AG, based in Frankfurt, Germany.
Clearstream Banking S.A., based in Luxembourg.
Clearstream Services S.A., based in Luxembourg.
Clearstream Operations, based in Prague, Czech Republic.

and one 50 percent owned subsidiary:

LuxCSD S.A., based in Luxembourg.

Key People[edit]

References[edit]