Difference between revisions of "Clearstream International"

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Cleastream International is a wholly-owned subsidiary of [[Deutsche Boerse]], formed from the January 2000 merger of Cedel International and Deutsche Boerse Clearing. The business provides clearing and settlement of fixed-income and equity securities.<ref>{{cite web|url=http://www.ft.com/cms/s/0/ae62fe16-66f8-11dd-808f-0000779fd18c.html|name="Deutsche Borse Reaping Benefits of Diversity"|org=The Financial Times|date=August 12, 2008}}</ref>
Cleastream International is a wholly-owned subsidiary of [[Deutsche Boerse]], formed from the January 2000 merger of Cedel International and Deutsche Boerse Clearing. The business provides a variety of post-trade services, such as issuance, settlement, securities financing and general custodian banking.<ref>{{cite web|url=http://www.ft.com/cms/s/0/ae62fe16-66f8-11dd-808f-0000779fd18c.html|name=Deutsche Borse Reaping Benefits of Diversity|org=The Financial Times|date=August 12, 2008}}</ref>
 
Clearstream has €13 trillion in assets under custody with more than 2,500 customers in 110 countries.<ref>{{cite web|url=http://www.clearstream.com/blob/10428/475ce6b853f34a7241a84908a85d5ae3/clearstreamsnapshot-data.pdf|name=Clearstream Snapshot|org=Deutsche Boerse|date=August 30, 2017}}</ref>


== History ==
== History ==
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.<ref>{{cite web|url=http://deutsche-boerse.com/dbg-en/about-us/deutsche-boerse-group/company-history/text-collection/2552418?frag=2552466|name=Deutsche Boerse Group Company History|org=The Financial Times|date=August 12, 2008}}</ref><ref>{{cite web|url=http://www.clearstream.com/clearstream-en/about-clearstream/who-we-are|name=The Handbook of International Financial Terms|org=Google Books|date=August 30, 2017}}</ref>  
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.<ref>{{cite web|url=http://deutsche-boerse.com/dbg-en/about-us/deutsche-boerse-group/company-history/text-collection/2552418?frag=2552466|name=Deutsche Boerse Group Company History - 1990-1999|org=Deutsche Boerse|date=August 30, 2017}}</ref><ref>{{cite web|url=http://www.clearstream.com/clearstream-en/about-clearstream/who-we-are|name=The Handbook of International Financial Terms|org=Google Books|date=August 30, 2017}}</ref>  
 
The integration of Cedel and Deutsche Boerse Clearing was completed in 2002.<ref>{{cite web|url=https://books.google.com/books?id=xyL2Uw0sc5IC&pg=PA159&lpg=PA159&dq=auslandskassenverein&source=bl&ots=NCC50cgRqy&sig=4oHCpyys8zEkKGJnB1gW93wTgrg&hl=en&sa=X&ved=0ahUKEwiLmpWr9f_VAhWL6oMKHVUHCDEQ6AEIWjAJ#v=onepage&q=auslandskassenverein&f=false|name=The Handbook of International Financial Terms|org=Google Books|date=August 30, 2017}}</ref> 
 
On June 8, 2011, Deutsche Borse's Clearstream and [[Cetip]] announced a deal to launch a collateral management outsourcing service in July 2011. The new Brazilian-based service allows Cetip customers to handle collateral exposure in their time zone and in real-time. The goal is to help those firms manage their risk across OTC derivatives markets, with an initial focus on collateralization of OTC derivative exposures managed by Cetip. Phase two will focus on assets eligible at Clearstream, thus allowing customers to meet collateral obligations from a larger collateral pool. Cetip and Clearstream began working on the partnership in March 2010, according to a Reuters report.


==Products==
The merger of Cedel and Deutsche Boerse Clearing was announced in January 2000 and completed in 2002.<ref>{{cite web|url=http://deutsche-boerse.com/dbg-en/about-us/deutsche-boerse-group/company-history/text-collection/2552418?frag=2552530|name=Deutsche Boerse Group Company History - 2000-2009|org=Deutsche Boerse|date=August 30, 2017}}</ref> 


==Organization==
==Organization==

Latest revision as of 15:36, 30 August 2017


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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. The business provides a variety of post-trade services, such as issuance, settlement, securities financing and general custodian banking.[1]

Clearstream has €13 trillion in assets under custody with more than 2,500 customers in 110 countries.[2]

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.[3][4]

The merger of Cedel and Deutsche Boerse Clearing was announced in January 2000 and completed in 2002.[5]

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]

  • Marc Robert-Nicoud, CEO

References[edit]