CFCL Market guide – France

Clearstream Fund Centre (“CFCL”) Market Guides provide key information, in particular in the area of order routing, settlement and asset servicing, on each market where CFCL offers a service. In addition, relevant website addresses are indicated, where more detailed information is provided according to specific needs.

France market guide is split into 5 sections:

• General information;
• Market infrastructure;
• Regulation;
• Settlement process and services;
• Asset servicing.

Further information can be found in the CFCL Client Handbook and in the France Tax guide (Tax forms to use).

Characteristics of the market

• For Investment fund Securities, France is a register market with a CSD link;
• Exchange-Traded Funds (ETFs) are permitted and can be traded within the French market.
• France has adopted the T2S platform for its settlement processes, this initiative helps align France with the broader European effort to harmonize and streamline securities settlement procedures;