Main Menu

• About Clearstream
  • Who we are
    • Legal Information
    • Office Locations
  • Reports and ratings
    • Annual Reports
    • Bonds
    • Operational performance
  • Becoming a Clearstream client
  • Sustainability at Clearstream
  • Company Governance
    • Shareholding Structure
    • Supervisory Boards
    • Executive Management
    • Board of Directors
    • Gender Diversity
    • Group Committees
      • CBF Committees
        • Audit Committee
        • Remuneration Committee
        • Risk Committee
        • User Committee
      • CBL Committees
        • Audit Committee
        • Nomination Committee
        • Remuneration Committee
        • Risk Committee
        • User Committee
  • Corporate Responsibility
  • Due Diligence Information
    • AFME
    • AGC Questionnaire
    • Business Continuity Management
    • Compliance
      • Compliance Questionnaire and ISSA DDQ
      • Wolfsberg questionnaire
    • GDPR
      • Notice of European Union Data Protection Terms
      • Technical and organisational measures (Article 32)
    • ISAE Report
  • Regulation
    • BaFin Three Point Declaration
    • Licences
    • CPMI-IOSCO Disclosure Framework
    • Central Securities Depositories Regulation (CSDR)
      • CSDR Public Disclosures
      • CSDR Article 38 disclosure
      • Settlement Discipline Regime
      • CSDR requirements for Transfer Agents and Registrars
      • Penalties schedule
      • CSDR-related announcements
    • Compensation Fund
    • Digital Operational Resilience Act (DORA)
      • DORA FAQs – CBF, CBL and LuxCSD
      • DORA FAQs – CFCL
      • DORA FAQs – CFCS
    • Pillar III Disclosure Report
    • Regulatory Oversight
    • Remuneration information
      • Governance
    • USA Patriot Act Certification
  • Career
    • Our offices
  • Clearstream News
  • Who we are
  • Becoming a Clearstream client
  • Company Governance
  • Due Diligence Information
  • Career

  • Reports and ratings
  • Sustainability at Clearstream
  • Corporate Responsibility
  • Regulation
  • Clearstream News
• Securities Services
  • OneClearstream
    • Migration timeline
    • Rollout documentation
  • TARGET2-Securities
    • Your opportunity
    • T2S essentials
      • T2S Release information
      • T2S-related information
  • Asset services
    • Asset services overview
    • Corporate actions
      • Corporate actions ICSD
      • Corporate actions CSD Legacy
    • Income processing
      • Income processing ICSD
        • Automatic FX
      • Income processing CSD
    • Markdown service
    • Shareholder Identification
    • General Meeting Service
    • Reporting
    • Tax and certification
      • Section 871(m)
      • Common Reporting Standard
      • Market Taxation Guide
      • Client training
      • FATCA
        • Self-certification
      • German Tax Reform
      • Taxbox
      • Tax FAQs
      • Tax Matrix
      • Tax Reclaim Service
      • Upload BO list
    • Sustainable asset services
    • FAQs
    • News
  • Connectivity and Data solutions
    • CASCADE/T2S
      • CASCADE Online
      • CASCADE via File Transfer
      • CASCADE via Swift
      • CASCADE via MQ
      • T2S DCP Connectivity
      • CASCADE forms
        • Settlement Reports
        • Custody Reports
        • Information Reports
        • Taxbox forms
        • Job Setup Request forms
      • Release information
      • Testing and Simulation
        • Availability
    • ClearstreamXact
      • Xact Web Portal
      • Xact File Transfer
      • Xact via Swift
      • ClearstreamXact application forms
      • Release information
      • Testing
    • Data solutions
      • Collateral Mapper
      • Settlement Efficiency
      • Asset Liability Analyser
      • Collateral Insights
      • Lending Analytics Dashboard
    • Clearstream API
    • Swift MyStandards
    • Vestima
  • Collateral, Lending and Liquidity solutions
    • Collateral Management
      • Triparty collateral services - International
        • Repo
          • Triparty Repo
          • GC Pooling
          • €GC
        • Securities lending
        • Collateral management
        • Pledge to central banks
        • CCP margining
        • Initial margin segregation
        • OSCAR
      • Triparty collateral services - Domestic Germany
        • Pledge to central banks
        • Services for secured instruments
      • Triparty collateral services - Domestic Canada
    • Securities lending and borrowing
      • Automated Securities Lending and Borrowing
        • ASL
        • ASL principal
      • Strategic securities lending
      • Securities lending for central banks
      • Securities Financing Transactions Regulation (SFTR)
        • SFTR Reporting Support Service
        • SFTR API Service
    • Liquidity solutions
      • Eligible currencies
      • Commercial bank money services
        • Treasury
          • Automatic FX
        • Credit
          • Intraday Technical Overdraft
          • Unconfirmed Funds Facility
          • Offshore Renminbi
          • Umbrella credit and collateral services
      • Central bank money services
        • T2S DCA cash reporting service
    • Liquidity Alliance
      • Members
      • Research
    • Sustainable Finance
    • GFF Podcasts
    • Key documentation
    • SLB rates
    • News
    • Contacts
      • Business development and Client relations
        • Europe, Middle East and Africa
        • UK, Ireland and Americas
        • APAC
        • Securities Lending Distribution
      • Product Management
      • Operations
  • Issuance
    • Electronic securities - D7
      • Wholesale digital payments
      • D7 Digital Market Partners
    • European Issuer Portal
    • Securities Issuance Consortium
    • Issuance with T2S
    • Issuance models
      • ICSD
      • CSD
    • Issuance services
      • Advisory services
      • Securities admission
      • Code allocation
      • D7 API
      • Electronic document transfer
      • Primary Distribution
      • New Global Note - New Safekeeping Structure
    • Post-issuance services
      • Exercise of tradeable rights and buyer protection
      • Markups and markdowns
      • Disclosure
      • Registered shares
      • Secured instruments
    • Safekeeping and vaults
    • Reference Data Services
  • Settlement
    • Commercial bank money settlement (ICSD)
      • Settlement overview
        • Internal
        • Bridge
        • External
        • The settlement day
        • Local market time deadlines
      • Settlement processing cycles
      • Netting algorithms
    • Central bank money (CSD)
      • Settlement types
      • Settlement cycles
      • Stock Exchange and Eurex CCP trades
    • Settlement services
      • Trading venues and CCP settlement
        • Trading venues
        • Central counterparties
          • CC&G
          • LCH SA RepoClear
          • LCH Ltd Equityclear
      • ICSD pre-matching services
      • ICSD matching services
      • ICSD umbrella credit & collateral
      • ICSD automatic securities lending (ASL)
      • ICSD settlement sequence management
      • ICSD fails management
      • CSD CASCADE FOP matching
      • ICSD and CSD CASCADE realignment
      • CSD GBC conversions
      • CSD registered shares
        • Registered shares announcements
        • Registered Shares in CSC
    • FAQs
    • News
  • Market coverage
    • Markets covered
      • Multi-market securities
    • Americas
      • Argentina
        • Announcements
      • Canada
        • Announcements
      • Mexico
        • Announcements
      • United States of America
        • Announcements
      • Uruguay
        • Announcements
    • Asia Pacific
      • Australia
        • Announcements
      • China
        • Announcements
      • Hong Kong
        • Announcements
      • Indonesia
        • Announcements
      • Japan
        • Announcements
      • Malaysia
        • Announcements
      • New Zealand
        • Announcements
      • Philippines
        • Announcements
      • Singapore
        • Announcements
      • South Korea
        • Announcements
      • Taiwan
        • Announcements
      • Thailand
        • Announcements
    • Europe T2S
      • Austria
        • Announcements
      • Belgium
        • Announcements
      • Bulgaria
        • Announcements
      • Croatia
        • Announcements
      • Denmark
        • Announcements
      • Estonia
        • Announcements
      • Finland
        • Announcements
      • France
        • Announcements
      • Germany
        • Announcements
      • Greece
        • Announcements
      • Hungary
        • Announcements
      • Italy
        • Announcements
      • Latvia
        • Announcements
      • Lithuania
        • Announcements
      • Luxembourg
        • Announcements
      • Malta
        • Announcements
      • Netherlands
        • Announcements
      • Portugal
        • Announcements
      • Romania
        • Announcements
      • Slovak Republic
        • Announcements
      • Slovenia
        • Announcements
      • Spain
        • Announcements
      • Switzerland
        • Announcements
    • Europe non-T2S
      • Armenia
        • Announcements
      • Cyprus
        • Announcements
      • Czech Republic
        • Announcements
      • Georgia
        • Announcements
      • Iceland
        • Announcements
      • Ireland
        • Announcements
      • Kazakhstan
        • Announcements
      • Norway
        • Announcements
      • Poland
        • Announcements
      • Russia
        • Announcements
      • Serbia
      • Sweden
        • Announcements
      • Turkey
        • Announcements
      • Ukraine
        • Announcements
      • United Kingdom
        • Announcements
    • Middle East and Africa
      • Israel
        • Announcements
      • Saudi Arabia
        • Announcements
      • South Africa
        • Announcements
      • United Arab Emirates (Nasdaq Dubai)
        • Announcements
    • International
      • Announcements
    • Bridge
  • OneClearstream
  • Asset services
  • Collateral, Lending and Liquidity solutions
  • Settlement

  • TARGET2-Securities
  • Connectivity and Data solutions
  • Issuance
  • Market coverage
• Fund Services
  • Fund Services
    • Solutions
      • Asset managers
      • Distributors
      • Custodians
      • Transfer agents
      • Private Market
    • Execution
      • Vestima
        • Distributors and Fund Platforms
          • Ordering funds
          • Settlement and Custody
            • Settlement
            • Custody
            • Transfer services
            • Registrar Monitoring Report
          • Investment Funds Reference Data
          • Fund Acceptance
          • Transparency of holdings
          • Investment Funds as Collateral
        • Fund Providers
          • Receiving orders
          • Settlement and Custody
          • ISIN Issuance and Acceptance
          • CSDR requirements for Transfer Agents and Registrars
          • Transparency
            • Transparency of holdings
            • Transparency of transactions
          • Central Facility for Funds
          • AML and KYC
        • Market coverage
          • Australia
          • Bahamas
          • Belgium
          • Bermuda
          • British Virgin Islands
          • Canada
          • Cayman Islands
          • China
          • Curaçao
          • Cyprus
          • Denmark
          • Estonia
          • Finland
          • France
          • Gibraltar
          • Guernsey
          • Hong Kong
          • Isle of Man
          • Indonesia
          • Ireland
          • Italy
          • Jersey
          • Liechtenstein
          • Malaysia
          • Malta
          • Mauritius
          • Mexico
          • Netherlands
          • New Zealand
          • Norway
          • Panama
          • Singapore
          • South Africa
          • Spain
          • Sweden
          • Switzerland
          • St Vincent and the Grenadines
          • Thailand
          • United States of America
      • ETFs
    • Distribution
      • Asset Managers
      • Distribution Partners
        • Quantalys Easypack solution
      • Ongoing monitoring KPIs
      • investRFP
    • Data
    • Innovation and partners
    • Australia
      • Core custody
      • Unit price data
      • Look-through underlying investment data
      • Distribution data
      • Tax component data
      • Specialised fund data services
      • Electronic PDS Libary
      • Contact
    • Sustainable Finance
    • News
    • Key documentation
    • Contacts
  • Fund Services
• Strategy and Initiatives
  • Asset safety
    • CSDR Article 38 disclosure
    • Vestima Asset Safety
    • Investor Money Regulation (IMR)
    • Clearstream Default Management
  • Market harmonisation
    • ISMAG
      • ISMAG Organisation
      • Recommendations and Market Practice Book
      • Taxonomy
        • At issuance
        • During a security’s life cycle - post-issuance
      • Market Framework
  • Integrating with ECMS
    • ECMS and SCoRE implementation
  • China strategy
    • China Bond Link
    • Bond Connect
    • Stock Connect
    • Mutual Recognition of Funds
    • CEINEX
  • Regulatory solutions
    • AIFMD & UCITS V
    • Capital Markets Union
    • EMIR
    • SFTR
    • SRD II
  • Partnerships
    • Liquidity Alliance
      • Members
      • Research
  • Studies
    • Associated businesses
      • Eurex Clearing CCP white paper
    • Collateral management practices of central banks
    • ETFs: Challenges of fragmentation
    • Finding the best level of transparency
    • Mutual Recognition for Funds - Mainland China/Hong Kong
    • Operational transition in wealth management
    • Our innovative solutions for the ETF market
    • The Changing Dynamics of Investment Fund Processing
    • T2S potential to reduce Basel III capital shortfall
    • The Future of Global Debt Issuance: 2025 Outlook
    • The Global Financial and Monetary System in 2030
    • The T2S Opportunity
    • What's next for funds?
  • Asset safety
  • Integrating with ECMS
  • Regulatory solutions
  • Studies

  • Market harmonisation
  • China strategy
  • Partnerships