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.

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