Clearing, Settlement and Custody

Cascade: Clearstream Banking Frankfurt's (CBF's) settlement system, CASCADE, provides a highly efficient platform for the settlement of transactions in German and International securities that are eligible for collective safe custody. CASCADE provides order processing and administration services for payments, securities transfers and securities administration, as well as transaction matching, settlement, and cash and securities clearing. More

Creation Plattform: Clearstream’s suite of connectivity products, provides customers with real-time access to instruction statuses, cash and securities positions, corporate action notifications. As Clearstream receives new and updated information, it is immediately made available via CreationConnect. CreationConnect products can be combined to offer the best solution for expanding trade volumes and business requirements. More

Central Counterparty (CCP): Deutsche Börse has extended the existing two-tier process chain on the cash market (trading and settlement) by adding a clearing function. Central Counterparty ensures for both buyers and sellers of equities absolute anonymity across the whole securities process chain. Also participants are offered central risk management with immediate determination and provision of the risk positions and margin requirements. More