Clearstream successfully performed its fire drill on 25 September 2017


For the purpose of continuous improvement of the Default Management Process and in order to test its effectiveness, Clearstream organises regular tests with relevant stakeholders, in accordance with CSDR Article 41 and Principle 13 (CPSS-IOSCO Principles for financial markets infrastructures).

The fire drill is part of these tests and simulates a crisis situation potentially leading to the default of one or more of its participants.