Clearstream banking

Cleared through a pan-European clearing system, that is, Clearstream Banking Societe Anonyme or Euroclear Bank SA/NV, as operator of the Euroclear System. 

Transactions in Germany are usually settled through Clearstream Banking AG, Frankfurt, a subsidiary of Deutsche Borse AG, formed as a result of the merger of Deutsche Borse Clearing AG and Cedel International. The remainder are settled via Euroclear or Clearstream International. 

Clearstream was previously known as Cedel Bank. Other triparty providers include JPMorgan Chase Bank of New York. 

As at February 2003 there were 21 banks that acted as common depositaries on behalf of Euroclear and Clearstream, although the majority of the trading volume was handled by just three banks, JPMor-gan Chase Bank, Citibank NA, and Deutsche Bankers Trust. The common depositary is responsible for ... 

---