Internal Control Framework

An effective Internal Control System (ICS) is a fundamental component of the overall risk management culture and of corporate governance. It consists of safeguards and controls embedded in the organisational structures, in particular within the business processes, to ensure that business processes and activities run in an orderly fashion and minimise risks. Thus, the design and implementation of an effective ICS is vital for managing risks, preventing material losses and achieving its corporate goals/business strategy and safeguard its continued existence.

Please refer to the attached document "Internal Control Framework" for a detailed description of the main components of Clearstream’s ICS.