Clearstream’s Germany-based central securities depository (CSD), Clearstream Banking, will have a new name, Clearstream Europe, to better reflect its pan-European footprint.
The CSD solution serves as the largest single-entry point to TARGET2-Securities (T2S), the pan-European settlement system of the European Central Bank (ECB) and Clearstream Europe consistently handles over 50% of the entire T2S volume. In addition, it connects a network of 19 European markets, offering access to 60 markets globally together with Clearstream’s International Central Securities Depository (ICSD).
Dirk Loscher, CEO of Clearstream Europe, said in a statement: “Clearstream Europe is a testimonial to both our identity and our ongoing commitment to excellence: as an innovative and trusted partner for our clients and a driving force in European and global capital markets. The rebrand underscores our dedication to building a more integrated and competitive European capital market, that can effectively compete with other global financial centers.”
Clearstream Europe provides a fully integrated securities services ecosystem that includes instant digital issuance, integrated settlement, comprehensive custody and asset services, in both commercial bank money and central bank money. It has connectivity to major European clearing houses and trading venues for handling of investment flows, and the infrastructure taps data, artificial intelligence (AI), and digital solutions.
“With this innovative and powerful infrastructure, Clearstream contributes to the strengthening of European capital markets, the Savings and Investments Union (SIU) and the accelerated settlement initiative T+1, boosting investment, economic growth and prosperity for all citizens,” according to a company statement.