Clearstream awarded as CSD of the Year
Clearstream has won the “CSD of the Year” award for its unique pan-European Investor-CSD solution allowing market participants to directly connect to all T2S markets and thereby facilitating cross-border settlement. A further key achievement in 2024 was the way Clearstream supported its clients in their effort to prepare for a smooth transition of T+1 settlement cycle in the Americas, e.g. by enhancing the recall timelines to be more aligned with market requirements.
Asset Servicing Times (AST) Industry Excellence Awards
The AST Industry Excellence Awards are dedicated to recognising firms across the financial services industry. Asset Servicing Times has leveraged the expertise of The Securities Services Advisory Group (TSSAG), a forum for independent thought leadership across the securities services and post-trade industry, to select this year’s winners.
From left to right: Philip Brown and Jaco van Gass
Philip Brown, CEO, Clearstream Banking SA, Clearstream said: “We’re immensely proud to be awarded ‘CSD of the Year’ which acknowledges the efforts of our global team in connecting market participants to all T2S markets and offer the option to use commercial bank money and central bank money in an integrated model – always having our clients at the centre of our efforts."
Enabling seamless European and global market access
Clearstream connects all CSDs in Europe, offering access to European markets and also acting as a conduit for smaller CSDs. Best recent example is the pioneering cooperation with Nasdaq CSD which has created a precedent for CSDs to explore the capabilities of Clearstream’s investor CSD solution to demonstrate the interoperability of our ICSD and CSD services.