20 Facts About Clearstream

Clearstream is a financial services company that specializes in the settlement of securities transactions, the company is owned by Deutsche Borse AG.

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

Clearstream operates its International Central Securities Depository from Luxembourg.

Clearstream has links to over 50 domestic markets worldwide, and issues and safekeeps Eurobonds.

Clearstream accepts central banks and AML-regulated credit institutions as customers.

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Clearstream has operational centres in Cork, Luxembourg, Prague and Singapore.

Clearstream was founded as "Cedel" in September 1970 by 66 of the world's major financial institutions as a clearing organisation whose objective was to minimise risk in the settlement of cross-border securities trading, particularly in the growing Eurobond market.

Clearstream was formed in January 2000 through the merger of Cedel International and Deutsche Borse Clearing.

Between 2001 and 2002, two books were published by co-authors Denis Robert and Ernest Backes, entitled Revelation$ and La Boite Noire, accusing Clearstream of being a money laundering organisation and the worldwide centre for international financial crime committed by major banks, shell companies, and organised crime all over the world.

In 2004, a list leaked to a French judge indicated that Clearstream was a money laundering organisation covering illegal activities of French businessmen who were involved in the sale of warships by the French defence giant Thales to Taiwan, and related bribes paid to French officials and businessmen.

Clearstream entered into a settlement agreement with the plaintiffs that became effective in 2013.

In July 2010, Clearstream founded LuxCSD together with the Luxembourg Central Bank, to act as a CSD for Luxembourg.

In December 2010, Clearstream co-founded REGIS-TR, a joint venture with the Spanish Central Securities Depository Iberclear, to act as a trade repository for derivatives transactions, helping participants meet their regulatory reporting obligations brought about by the introduction of the European Market Infrastructure Regulation.

In Germany, Clearstream is regulated as a bank according to the German Banking Act and is therefore subject to the prudential supervision of the German Federal Financial Supervisory Authority.

Clearstream is a member of the Liquidity Alliance, which was established in January 2013 as a platform for CSDs to collaborate on collateral management.

Clearstream has developed the world's largest cross-border fund processing platform, called Vestima.

Clearstream's ICSD provides custody services, which means that the security can be serviced throughout its entire lifecycle.

Clearstream provides the infrastructure which enables issuers to reach investors worldwide.

Clearstream's ICSD settles trades in international securities and in domestic securities traded across borders.

Clearstream operates a delivery versus payment settlement system, ensuring simultaneous settlement of securities and cash transfers on a gross basis.