Realignment Guide - Germany
The links between Clearstream Banking’s platforms, CASCADE and Creation, and several Central Securities Depositories (CSD) enable customers to transfer eligible securities (that is, securities accepted in CASCADE and in Creation and by the appropriate CSD) from one platform to the other, for example, from Collective Safe Custody (CSC) to Non-Collective Safe Custody (NCSC) and vice versa. These transfers, that exclude by definition any change of beneficial ownership, are referred to as Creation-CASCADE realignments.
Disclaimer
Clearstream Banking does not accept any responsibility for any cross-border settlement delays. The instruction specifications contained in this document are correct at the time of its publication for currently eligible securities.
Clearstream Banking is not always advised of changes affecting these specifications. However, Clearstream Banking will update this document on the Clearstream website as soon as it is made aware of any amendment.