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Clearstream

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Clearstream
An electronic Clearinghouse that allows financial institutions to settle securities transactions. Along with Euro  Clear, it is the principal Clearinghouse for Euro market transactions.

It is based in Luxembourg, of Deutsche Börse.
    
It was created in January 2000 through the merger of Cedel   International and Deutsche Börse Clearing, part of the Deutsche Börse Group, which owns the Frankfurt Stock Exchange. Cedel, established in 1971, specialized in clearance and settlement.
    
Euro Clear is one of the leading clearing systems for euro bonds.
Posted by  LISA Life Insurance Settlement Association
 
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