CFCL Market guide – Germany
Reference
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.
The German 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 German Tax guide (Tax forms to use).
Characteristics of the market
For Investment fund Securities, Germany is a Domestic Market with a CSD link;
Exchange-Traded Funds (ETFs) are permitted and can be traded within the German market.
Germany has adopted the T2S platform for its settlement processes, this initiative helps align Germany with the broader European effort to harmonize and streamline securities settlement procedures.
