Clearstream launches new online customer interface

Clearstream has launched a new customer connectivity channel, ClearstreamXact (pronounced “Clearstream exact”) that is accessible from anywhere in the world via the internet. This new connectivity solution is based upon proven, up to date portal technology. ClearstreamXact initially offers Clearstream’s new intuitive and user-friendly, screen-based connectivity solution to customers for its collateral management services. Future investment is already planned to expand the range of this connectivity solution to other core product areas such as settlement and asset servicing.

This marks the first of many steps on a journey towards a fully integrated and harmonised customer-facing, web-based connectivity framework. Customers’ priorities and the pace of industry transformation will define the roadmap for further developing this new connectivity portal into one which will seamlessly bring together Clearstream’s offering as the central securities depository (CSD) for Germany and Luxembourg and as an international central securities depository (ICSD) via a single interactive dashboard landing page. Customers will be able to see and manage all their assets through this single window, no matter in which part of the multiple Clearstream networks they are held.

As the post-trade industry is undergoing significant change driven by an extensive regulatory agenda, this journey towards integration and harmonised connectivity demonstrates Clearstream’s commitment to help its customer base adapt to the future environment. In Europe, for example, the 2015 introduction of TARGET2-Securities (T2S) as a new pan-European centralised settlement platform will replace 23 domestic settlement systems. On a more global scale, the increasing customer demand to access and invest in multiple asset classes across multiple regions and via multiple processing systems calls for more dynamic and streamlined connectivity solutions supported by state-of-the-art technology, which is what Clearstream will offer over time via ClearstreamXact.

Yves Baguet, Managing Director Clearstream IT, Chief Information Officer of Clearstream and member of the Executive Board, said: “The launch of our user-friendly, screen-based connectivity solution, starting with collateral management services, is the first milestone on our journey towards an integrated and harmonised customer connectivity solution for all our services. The features of ClearstreamXact will enable us to adapt to our customers’ changing needs over the coming years with the ultimate goal to streamline user access to our full range of services – no matter where our customers are in the world.”

ClearstreamXact is designed to sit alongside Clearstream’s existing connectivity channels (CreationConnect for its ICSD and Luxembourg CSD business and CASCADE for its German CSD business), both of which will remain an essential part of its connectivity framework for the time being. Clearstream customers will be able to choose when to make use of services provided by the new ClearstreamXact system.

About Clearstream

Clearstream is the post-trade services provider of Deutsche Börse Group.

As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream provides the post-trade infrastructure for the Eurobond market and services for securities from 53 domestic markets worldwide. Clearstream’s customers comprise approximately 2,500 financial institutions in more than 110 countries. Its services include the issuance, settlement and custody of securities, as well as investment fund services and global securities financing. With roughly €11.6 trillion in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.

As a central securities depository (CSD) based in Frankfurt, Clearstream also provides the post-trade infrastructure for the German securities industry, offering access to a wide number of markets in Europe.

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