EuroCCP links to Clearstream鈥檚 Investor CSD solution
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EuroCCP links to Clearstream鈥檚 Investor CSD solution 20 January 2022Luxembourg Reporter: Bob Currie
Image: AdobeStock/nmann77
A new pan-European post-trade link between Clearstream and EuroCCP, connecting the CCP to Clearstream鈥檚 Investor CSD solution, will allow exchange-traded equity and ETF transactions cleared via EuroCCP to settle in Clearstream Banking SA, the Luxembourg-based ICSD.
Utilising Clearstream鈥檚 Investor CSD, market participants are able to settle securities transactions for all T2S markets and the international market through a single account.
According to Clearstream, Freetrade, a UK-based investment platform, , settling activity for Austria, Belgium, Finland, Germany, the Netherlands, Portugal and Sweden through Clearstream. Additional T2S markets are likely to be added in coming months.
Clearstream鈥檚 head of European custody product Thilo Derenbach says: 鈥淐onnecting EuroCCP to our Investor CSD offering adds to Clearstream鈥檚 vision of seamless European post-trade market activities for equities and ETFs as well as fixed income products.
鈥淏eing able to consolidate their entire trade flows within Clearstream, whether CCP cleared or not, allows investors to gain additional liquidity and efficiency for their cross-border transactions.鈥�
EuroCCP president C茅cile Nagel says: 鈥淲e are delighted to partner with Clearstream on the use of their Investor CSD product, initially for our mutual client Freetrade. As a pan-European clearing house with access to multiple CSDs across the continent, the T2S Investor CSD functionality provides a number of important benefits, including operational and funding efficiencies to market participants and end investors.鈥�
鈥淲e are looking to further support and innovate with Clearstream as users look for more efficient post-trade processes in the future,鈥� adds Nagel.
Freetrade CEO Adam Dodds comments: 鈥淭he addition of European stocks to the platform is a key step for us as we begin our expansion into Europe and beyond. Our mission is to get everyone investing while keeping prices low. We will continue to add more European exchanges to the platform as we expand across Europe.鈥�
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