Clearstream Banking S.A. (before times Cedel) is a clearing company with seat in Luxembourg. Among their tasks rank the Verwahrung of securities (Custody), the completion of security transactions (Settlement) as well as increase in value services like the administration of deposited collateral (Collateral management) and the switching of security-borrows for the increase of the Settlement efficiency.

The society became in the consequence of several Daewoo Fabrikschliessungen in the year 2000 in Lorraine (France) article of two committees of inquiry (the French national assembly and the European parliament). In the same time the managing director changed (1990-2001: Lussi; since 2001: Roelants - before with Dexia). The society is a hundred percent daughter of the German stock exchange AG.

With Clearstream in the customer order securities in the value of 7.3 trillion euro are administered and completed annually over 60 million transactions with a total transfer volume by approximately 10 trillion euro. (Conditions at the end of of 2003).

See also: Security, euro CLEAR, Settlement, affair Clearstream II German stock exchange, Custody

Literature

• Denis Robert, Ernest Backes: The silence of the money. The Clearstream scandal. (2002, ISBN 3-85842-546-X)
• David Loader, clearing, Settlement and Custody (operation management Series (Securities of institutes) (2002, ISBN 0750654848)
• David M. Weiss, global Securities processing: The Markets, The Products (1997, ISBN 0133239659)

Related links

• www.clearstream.com - homepage of the company
• "„The Clearstream affair "“, Telepolis, 9. May 2006
• "„Plot in the "“, Jungle World, 10. May 2006, No. 19
• "„The days of the long measurers "“, world week, 11. May 2006, No. 19
• "„Clearstream "“: Villepin involves itself, daily mirror, 20. May 2006
• Clearstream affair: EADS manager in Polizeigewahrsam, ORF, 30. May 2006

Articles in category "Clearstream"

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Related Websites

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• Clearstream
  International clearing and settlement organisation, offering comprehensive services for domestic and...


• Clearstream
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• Clearstream
  Clearstream is responding to the infrastructural reform needs of ... Clearstream Banking is pleased to announce that, with effect 27 March 2006, ...