Clearstream International

Definition of 'Clearstream International'


A leading supplier of post-trading services based in Europe, whose core businesses are settlement of market transactions and custody of securities. Clearstream International's primary services are to act as an international central securities depository and as a central securities depository for domestic securities from Germany and Luxembourg. It was formed through the merger of Cedel International and Deutsche Borse Clearing in January 2000, and is presently a wholly owned subsidiary of Deutsche Borse, one of the largest exchanges in the world.

Investopedia explains 'Clearstream International'


Clearstream has developed an especially strong position in the international fixed income market, handling the clearing and settlement of Eurobonds. It has about 2,500 customers in more than 110 countries, based on its capability to serve as a single point of access for the settlement and custody of international bonds and equities across 51 markets. Clearstream settles more than 250,000 transactions daily. The scale of its operations is immense - in 2011, custodial assets exceeded 11 trillion euro and the company processed 26.3 million transactions over the year.



comments powered by Disqus
Hot Definitions
  1. Pension Risk Transfer

    When a defined benefit pension provider offloads some or all of the plan’s risk – e.g.: retirement payment liabilities to former employee beneficiaries. The plan sponsor can do this by offering vested plan participants a lump-sum payment to voluntarily leave the plan, or by negotiating with an insurance company to take on the responsibility for paying benefits.
  2. XW

    A symbol used to signify that a security is trading ex-warrant. XW is one of many alphabetic qualifiers that act as a shorthand to tell investors key information about a specific security in a stock quote. These qualifiers should not be confused with ticker symbols, some of which, like qualifiers, are just one or two letters.
  3. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  4. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  5. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  6. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
Trading Center