Contact
QR code for the current URL

Press release Box-ID: 56045

Gruppe Deutsche Börse AG Neue Börsenstr. 1 60487 Frankfurt am Main, Germany http://www.deutsche-boerse.com
Contact Presseverantwortlicher +49 69 21111500
Company logo of Gruppe Deutsche Börse AG
Gruppe Deutsche Börse AG

Clearstream extends daytime processing and increases interoperability

(PresseBox) (Frankfurt, )
Clearstream has extended its daytime processing period by up to two hours to 18:00 CET now covering 13 hours and at the same time has set new cash and securities deadlines. Through these extended processing capabilities and improved deadlines customers benefit from enhanced liquidity in securities processing and from more flexibility for managing their cash.

The new continuous daytime settlement processing period extends through to 18:00 CET. As a result, three areas of deadline improvements have been achieved for internal instructions, securities instructions and cash instructions

Chief Operating Officer Matthias Ganz commented: "These improvements, delivered in line with Clearstream's commitment to efficiency and customer service, further increase the interoperability with domestic markets notably in the U.S. time zone. Customers will be able to achieve savings through significantly improved market access and more flexibility in cash and securities management."

Clearstream is the post-trade division of Deutsche Börse Group, the world's largest exchange operations company when measured by revenues. It offers a comprehensive settlement service for equities and bonds both domestic and cross-border and investment funds to a global customer base.

Notes to the editor:

Details on improved deadlines
- Internal instruction deadlines

Customers are able to submit securities and cash instructions, or correct erroneous instructions, for internal settlement in Clearstream up to 18:00 CET and still achieve "same day settlement".

- Securities instruction deadlines
Customers benefit from new domestic instruction deadlines for cross border settlement in European markets.

Improvements include the German market where securities instruction deadlines for four different cycles have been extended by up to two hours. The instruction deadline for US securities has been extended by two hours. Further improvements to domestic securities instructions deadlines include, Denmark, Luxembourg, the Netherlands, Poland, Portugal, Switzerland and the UK, Argentina, Canada and Mexico, China and Indonesia,

- Cash instruction deadlines have been extended in two major currencies, the USD and the Euro. Cash. Instruction deadlines have also been improved for the Canadian dollar and latin American currencies - Argentina, Mexico and Uruguay pesos.

Media Contacts:
Contacts: Bruno Rossignol/Yolande Theis + 352-243- 31500 brossignol.ci@clearstream.com or ytheis.ci@clearstream.com
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2022, All rights reserved

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.