Clearstream

Clearstream or the Clearstream Group is the central securities depository arm of the Deutsche Börse Group. It provides settlement and custody as well as other related services for securities across all asset classes. Its subsidiary in Luxembourg, Clearstream Banking SA, is one of two world-leading International central securities depositories (ICSDs), the other one being Euroclear Bank. Both the main German national CSD, Clearstream Banking AG, and the national CSD of Luxembourg, LuxCSD, are also part of Clearstream. Clearstream Banking AG and Clearstream Banking SA are held via intermediate holding company Clearstream Holding AG.