Clearstream receives CSDR licences for its international CSD

Release date: 12 Apr 2021 | Clearstream

Clearstream receives CSDR licences for its international CSD

- ICSD is third Clearstream CSD to receive licences under CSDR
- Clearstream’s German and Luxembourg CSDs already hold CSD licences
- CSDR represents major step towards a harmonised European post-trade space

Today, Deutsche Börse Group’s post-trade services provider Clearstream has obtained the CSDR licences for Clearstream Banking S.A., its international central securities depository (ICSD). The authorisation is effective as of 12 April 2021.

This authorisation represents a key step in achieving full CSDR compliance for all of Clearstream’s CSDs. The Central Securities Depositories Regulation (CSDR) set out with the goal to make markets more stable, transparent and efficient by regulating securities settlement and settlement infrastructures in a harmonised manner across the European Union (EU). CSDR entered into force in 2014; industry implementation of its CSD-specific measures is ongoing.

Stephan Leithner, Clearstream Chairman and member of the Executive Board of Deutsche Börse AG, commented: “CSDR is a key pillar of the EU’s post-trade regulation. By requiring CSD services to be provided by trusted, licensed infrastructures set up according to stringent and transparent rules, CSDR aims to create a level playing field and promote market stability and integrity. These goals align perfectly with Clearstream’s mission of providing a safe, efficient and trusted post-trade ecosystem for all market participants.”

The licences were granted by the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) and include core and non-banking type ancillary services (Art. 16 CSDR), banking services (Art. 54 CSDR) and an interoperable link (“Bridge”).

Clearstream’s German CSD (Clearstream Banking AG) and Luxembourg CSD (LuxCSD S.A.) already hold licences pursuant to Art. 16 CSDR. With Clearstream Banking S.A.’s authorisation, now only one more licence, for banking services (Art. 54 CSDR) for its German CSD, is outstanding.

About Clearstream
As an international central securities depository (ICSD), headquartered in Luxembourg, Clearstream, which is part of Deutsche Börse Group, provides the post-trade infrastructure for the Eurobond market and services for securities from 58 domestic markets worldwide. With 15 trillion Euros in assets under custody, Clearstream is one of the world’s largest settlement and custody firms for domestic and international securities.

Media contact:
Tabea Behr
Phone: +49 (0)69 2 11-13 016