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.

BREAKING DOWN '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.

RELATED TERMS
  1. Post-Trade Processing

    After a trade is complete, it goes through post-trade processing, ...
  2. Depository Trust & Clearing Corporation ...

    Established in 1999, the DTCC is a holding company consisting ...
  3. T+1 (T+2,T+3)

    Abbreviations that refer to the settlement date of security transactions. ...
  4. Settlement Period

    The period of time between the settlement date and the transaction ...
  5. Depositary Receipt

    A negotiable financial instrument issued by a bank to represent ...
  6. Government Depository

    Libraries through the United States and its territories where ...
Related Articles
  1. Markets

    Depository Trust Company

    The Depository Trust Company, founded in 1973 and based in New York City, is one of the world's largest securities depositories.
  2. Insights

    DTCC And Digital Asset Bring Blockchain To Repos

    The rising interest in blockchain has attracted none other than the Depository Trust & Clearing Corporation (DTCC), an entity at the core of post-trade market infrastructure to test bitcoin’s ...
  3. Investing

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  4. Managing Wealth

    What Is The Bank For International Settlements?

    Get the scoop on the structure and functions of the oldest global financial institution.
  5. Markets

    How To Trade Foreign Stocks

    We weigh the major ways to trade foreign stocks for investors.
  6. ETFs & Mutual Funds

    4 Ways to Get International Exposure in Your Portfolio

    International investing provides diversification, which is needed these days. When it comes to investing in foreign stocks, there are lots of options.
  7. Markets

    How The U.S. Government Formulates Monetary Policy

    Learn about the tools the Fed uses to influence interest rates and general economic conditions.
  8. Investing

    Principal Trading and Agency Trading

    Ever wonder what happens behind the scenes when you buy or sell a stock? Read on and find out!
  9. Markets

    Cautionary Signs For International Investors

    "Going global" is a fashionable investing style, but investors should know the risks.
  10. Trading

    Forex Tutorial: What is Forex Trading?

    What Is Forex?The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies ...
RELATED FAQS
  1. How does a depository bank benefit from issuing an ADR for a foreign company for ...

    For domestic investors the benefits of increasing the portion of their portfolio that they invest in foreign companies is ... Read Answer >>
  2. How long will it take for me to receive the money that I profited from the stock ...

    What I'm trying to say is that if I place in an order into the market, and either profit or lose the money, how long will ... Read Answer >>
  3. Do I own a stock as of the trade date or the settlement date?

    When it comes to buying shares, there are two key dates involved in the transaction. The first date is the trade date, which ... Read Answer >>
  4. What's the difference between primary and secondary capital markets?

    Learn how in the primary capital market, securities are issued for the first time, while in the secondary market, investors ... Read Answer >>
  5. How do mutual fund trades clear and settle?

    Learn how mutual fund trades are cleared and settled, and when the money owed must be available or the proceeds due must ... Read Answer >>
  6. What is the average range for the price-to-earnings ratio in the electronics sector?

    Understand the difference between the primary market and the secondary market, and learn which investors are able to participate ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center