Main Menu

• About Clearstream
  • Who we are
    • Legal Information
    • Office Locations
  • Reports and ratings
    • Annual Reports
  • Becoming a Clearstream customer
  • Company Governance
    • Shareholding Structure
    • Supervisory Boards
    • Executive Boards
    • Group Committees
      • CBF Committees
        • Audit Committee
        • Remuneration Committee
        • Risk Committee
      • CBL Committees
        • Audit Committee
        • Remuneration Committee
        • Risk Committee
  • Corporate Responsibility
    • Art collection
  • Due Diligence Information
    • AGC Questionnaire
    • Compliance
      • Clearstream Compliance Questionnaire
      • Technical and organisational measures (GDPR article 32)
      • Wolfsberg questionnaire
    • ISAE Report
  • Awards and Achievements
  • Regulation
    • Articles of Association
    • BaFin Three Point Declaration
    • Banking Licence
    • CPMI-IOSCO Disclosure Framework
    • Central Securities Depositories Regulation (CSDR)
      • FAQs
      • Customer Readiness
        • CSDR requirements for Transfer Agents and Registrars
    • Code of conduct
      • Price transparency
      • Access & Interoperability
      • Unbundling
    • Compensation Fund
    • Pillar III Disclosure Report
    • Regulatory Oversight
    • Remuneration information
      • Prior to 2014
      • From 2014 onwards
      • Governance
    • USA Patriot Act Certification
  • Career
    • Open positions
    • Students - Interns
    • Graduates
    • Professionals
    • Our offices
  • Who we are
  • Becoming a Clearstream customer
  • Corporate Responsibility
  • Awards and Achievements
  • Career

  • Reports and ratings
  • Company Governance
  • Due Diligence Information
  • Regulation
• Products and Services
  • OneClearstream
    • Migration timeline
    • Rollout documentation
  • TARGET2-Securities
    • Your opportunity
    • T2S essentials
      • Information by wave
        • Final wave
        • Wave 4
      • T2S Release information
      • T2S-related information
    • T2S insight
    • T2S news
  • Asset services
    • Asset services overview
    • Corporate actions
      • Corporate actions ICSD
      • Corporate actions CSD Frankfurt
    • Income processing
      • Income processing ICSD
        • Automatic FX
      • Income processing CSD
    • Proxy Voting
    • Reporting
    • Tax and certification
      • Common Reporting Standard
      • Customer Tax Guide
      • Customer training
      • FATCA
        • Self-certification
      • Taxbox
      • Tax Matrix
      • Tax Reclaim Service
      • Upload BO list
    • FAQs
    • News
  • Cash and banking services
    • Cash and banking overview
      • Eligible currencies
    • Commercial bank money services
      • Treasury
        • Euro Night-time Funding link
        • Automatic FX
      • Credit
        • Intraday Technical Overdraft
        • Unconfirmed Funds Facility
        • Umbrella credit and collateral services
    • Central bank money services
      • T2S DCA cash reporting service
  • Connectivity
    • CASCADE/T2S
      • CASCADE Online
      • CASCADE via File Transfer
      • CASCADE via SWIFT
      • CASCADE via MQ
      • T2S GUI
      • T2S via SWIFT/SIA-Colt
      • CASCADE forms
        • Cash Reports
        • Lending Reports
        • Settlement Reports
        • Custody Reports
        • Information Reports
        • Taxbox forms
        • Job Setup Request forms
      • Release information
      • Testing and Simulation
        • Availability
    • ClearstreamXact
      • Xact Web Portal
      • Xact File Transfer
        • Income Monitoring Tool
      • Xact via SWIFT
      • Release information
    • CreationOnline
    • SWIFT MyStandards
    • Vestima
  • Global Securities Financing
    • Global Liquidity Hub
    • Global Liquidity Hub for OTC derivatives
    • Global Liquidity Hub with T2S
    • Global Liquidity Hub ICSD services
      • Triparty collateral services (CmaX)
        • Repo
          • Triparty Repo
          • GC Pooling
          • €GC
        • Securities lending
        • Collateral management
        • Pledge to central banks
        • CCP margining
        • Initial margin segregation
      • OTC Collateral
      • Securities lending and borrowing
        • Automated Securities Lending and Borrowing
          • ASL
          • ASL principal
        • Strategic securities lending
          • Principal lending (ASLplus)
          • Agency lending via CCP
          • Agency lending
        • Securities lending for central banks
    • Global Liquidity Hub CSD services
      • Triparty collateral services (Xemac)
        • Pledge to central banks
        • CCP margining
        • Services for secured instruments
        • GC Pooling
      • OTC Collateral
      • Securities lending and borrowing
        • Automated Securities Lending (ASL)
        • KAGplus
    • Global Liquidity Hub partnerships
      • Liquidity Hub Collect
      • Liquidity Hub Connect
      • Liquidity Hub GO
      • Liquidity Hub Select
    • Liquidity Alliance
      • Members
      • Research
    • Newsletters
    • News
    • Key documentation
    • SLB rates
    • Contacts
      • Sales and Client Relations
        • Continental Europe, Middle East and Africa
        • UK, Ireland, the Americas and APAC
        • Lending distribution desk
      • Product Management
      • Operations
  • Investment Fund Services
    • Vestima
    • Market coverage
      • Australia
      • Cayman Islands
      • China
      • Cyprus
      • France
      • Indonesia
      • Netherlands
      • Norway
      • South Africa
    • Distributors and Fund Platforms
      • Ordering funds
      • Settlement and Custody
        • Settlement
        • Custody
        • Transfer services
        • Registrar Monitoring Report
      • Investment Funds Reference Data
      • Fund Acceptance
      • Transparency of holdings
      • Investment Funds as Collateral
    • Fund Providers
      • Receiving orders
      • Settlement and Custody
      • ISIN Issuance and Acceptance
      • Transparency
        • Transparency of holdings
        • Transparency of transactions
      • Central Facility for Funds
    • Newsletters
    • News
    • Key documentation
    • Contacts
  • Issuance
    • Global Issuer Hub
    • Issuance with T2S
    • Issuance models
      • ICSD
      • CSD
    • Issuance services
      • Advisory services
      • Securities admission
      • Code allocation
      • Code pre-allocation
      • Electronic document transfer
      • Primary Distribution
    • Post-issuance services
      • Markups and markdowns
      • Disclosure
      • Registered shares
      • Secured instruments
    • Safekeeping and vaults
    • Reference Data Services
  • IT Solutions
    • Overview
    • Hosting solutions
    • Operational solutions
    • News
    • Contacts
  • Settlement
    • Commercial bank money settlement (ICSD)
      • Settlement overview
        • Internal
        • Bridge
        • External
        • The settlement day
        • Local market time deadlines
      • Settlement processing cycles
      • Netting algorithms
    • Central bank money (CSD)
      • Settlement types
      • Settlement cycles
      • Stock Exchange and Eurex CCP trades
    • Settlement services
      • ICSD pre-matching services
      • ICSD matching services
      • ICSD umbrella credit & collateral
      • ICSD automatic securities lending (ASL)
      • ICSD settlement sequence management
      • ICSD Euro night-time funding link
      • ICSD fails management
      • CSD CASCADE FOP matching
      • ICSD and CSD CASCADE realignment
      • CSD GBC conversions
      • CSD TEFRA D
      • CSD registered shares
        • Registered shares announcements
        • Registered Shares in CSC
        • Investors Portal
    • FAQs
    • News
  • Market coverage
    • Markets covered
      • Multi-market securities
    • Americas
      • Argentina
        • Announcements
      • Brazil
        • Announcements
      • Canada
        • Announcements
      • Colombia
      • Mexico
        • Announcements
      • United States of America
        • Announcements
      • Uruguay
        • Announcements
    • Asia Pacific
      • Australia
        • Announcements
      • China
        • Announcements
      • Hong Kong
        • Announcements
      • Indonesia
        • Announcements
      • Japan
        • Announcements
      • Malaysia
        • Announcements
      • New Zealand
        • Announcements
      • Philippines
        • Announcements
      • Singapore
        • Announcements
      • South Korea
        • Announcements
      • Taiwan
        • Announcements
      • Thailand
        • Announcements
    • Europe T2S
      • Austria
        • Announcements
      • Belgium
        • Announcements
      • Denmark
        • Announcements
      • Estonia
        • Announcements
      • Finland
        • Announcements
      • France
        • Announcements
      • Germany
        • Announcements
      • Greece
        • Announcements
      • Hungary
        • Announcements
      • Italy
        • Announcements
      • Latvia
        • Announcements
      • Lithuania
        • Announcements
      • Luxembourg
        • Announcements
      • Malta
        • Announcements
      • Netherlands
        • Announcements
      • Portugal
        • Announcements
      • Romania
        • Announcements
      • Slovak Republic
        • Announcements
      • Slovenia
        • Announcements
      • Spain
        • Announcements
      • Switzerland
        • Announcements
    • Europe non-T2S
      • Armenia
        • Announcements
      • Bulgaria
        • Announcements
      • Croatia
        • Announcements
      • Cyprus
        • Announcements
      • Czech Republic
        • Announcements
      • Georgia
        • Announcements
      • Iceland
        • Announcements
      • Ireland
        • Announcements
      • Kazakhstan
      • Norway
        • Announcements
      • Poland
        • Announcements
      • Russia
        • Announcements
      • Sweden
        • Announcements
      • Turkey
        • Announcements
      • United Kingdom
        • Announcements
    • Middle East and Africa
      • Dubai (NASDAQ Dubai)
        • Announcements
      • Israel
        • Announcements
      • South Africa
        • Announcements
    • International
      • Announcements
    • Bridge
  • Asset types
    • Securities
      • Fixed Income Securities
      • Equities
      • Depository receipts
      • Investment Fund Services
      • Entitlements
      • Structured products
    • Cash
    • Others
  • OneClearstream
  • Asset services
  • Connectivity
  • Investment Fund Services
  • IT Solutions
  • Market coverage

  • TARGET2-Securities
  • Cash and banking services
  • Global Securities Financing
  • Issuance
  • Settlement
  • Asset types
• Strategy and Initiatives
  • Asset safety
    • Due diligence information
    • Vestima Asset Safety
    • Investor Money Regulation (IMR)
    • Clearstream Default Management
  • Market harmonisation
    • ISMAG
      • ISMAG Organisation
      • Recommendations and Market Practice Book
      • Taxonomy
        • At issuance
        • During a security’s life cycle - post-issuance
      • Market Framework
  • China strategy
    • China Bond Link
    • Bond Connect
    • Stock Connect
    • Mutual Recognition of Funds
    • CEINEX
    • Studies
  • Regulatory solutions
    • AIFMD & UCITS V
    • Capital Markets Union
    • EMIR
    • SFTR
  • Partnerships
    • Liquidity Alliance
      • Members
      • Research
  • Studies
    • Associated businesses
      • Eurex Clearing CCP white paper
    • Collateral management practices of central banks
    • Collateral optimisation – the value chain of collateral
    • ETFs: Challenges of fragmentation
    • Mutual Recognition for Funds - Mainland China/Hong Kong
    • Operational transition in wealth management
    • RMB internationalisation
    • Settlement interoperability
    • The Changing Dynamics of Investment Fund Processing
    • The Future of Global Debt Issuance: 2025 Outlook
    • The Global Financial and Monetary System in 2030
    • The T2S Opportunity
    • T2S potential to reduce Basel III capital shortfall
    • Unlocking the Potential in Collateral
    • What's next for funds?
  • Bylined articles
    • Settlement and Custody
    • Global Securities Financing
    • Investment Fund Services
    • Issuance
    • Talking to Clearstream's Executive Management
    • FinTech
  • Videos
  • Asset safety
  • China strategy
  • Partnerships
  • Bylined articles

  • Market harmonisation
  • Regulatory solutions
  • Studies
  • Videos