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Delivering More Through TARGET2-Securities Clearstream

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Delivering More Through TARGET2-Securities Clearstream Clearstream OneClearstream – Our integrated service level Product information Delivering more through TARGET2-Securities Key benefits TARGET2-Securities (T2S) is live and allows participating Central Securities Depositories (CSD) to build an Investor-CSD offering that covers all markets, asset classes and transaction Single gateway to all T2S markets Only one account required to access types across T2S. Investor-CSD services are an entirely all markets in T2S. new way to access all EUR domestic markets from a single account at any one CSD in T2S. Efficiency gains Benefit from full interoperability between the CSD and ICSD liquidity pools. Increased asset scope New market links will increase the scope of available assets. Competitive pricing Make the most of our competitive pricing structure across Eurozone markets. Superior connectivity Full harmonisation of connectivity channels between the CSD and ICSD. Improved asset servicing Enhanced network through partnerships with local agents. Asset protection Clearstream’s model continues to ensure the highest standards At Clearstream we have been investing Leveraging the OneClearstream of safety for customers’ assets. heavily, while working closely with service level, customers will benefit customers and the market, to build from harmonised technical interfaces, further on the basic Investor-CSD processes and service levels across offering, and enhance it with additional T2S Investor-CSDs and the Clearstream Clearstream added-value services. ICSD. This will enable customers We are in the process of rolling out to access both the international (ICSD) our enhanced Investor-CSD solution market and all T2S markets through on a market-by-market basis a single operational interface with enabling customers to access all T2S Clearstream, as well as the global markets in central bank money. ICSD and domestic market network, at a competitive price. Efficiency gains Liquidity management Customers will also be able to generate A single, fully integrated liquidity pool new efficiency gains through our between the Clearstream’s CSD enhanced service offering: and the ICSD environments, with no dependency on local CSDs to realign – Our enhanced custody and securities where they are needed, settlement offering will provide means that customers can pool and a single location for full coverage manage their assets in the most of all T2S markets both in terms efficient way possible. Asset servicing of segments and functionalities thanks to newly added links, asset Furthermore, T2S enables customers Asset services processing is being classes and service features. to manage their cash and collateral harmonised and standardised, movements and deliver all their including reporting, across CSD and – Improvements to our collateral cross-border transactions throughout ICSD accounts for all markets, both management offering the Eurozone out of a single account in and out of T2S. In order to provide in OneClearstream provide full at Clearstream. Both operational the best in class asset servicing triparty interoperability between and capital costs can be reduced by for the markets in T2S, Clearstream Clearstream’s CSD and ICSD. channelling all transactions through is building partnerships with local a single account in this way. agents in each market. Customers – A single pool of securities is available will in this way profit from a service for customers to utilise regardless of level that caters for market specifics, their settlement or custody location Connectivity offers better timeliness in processing for securities lending purposes. of corporate actions and provides local We have a superior connectivity market advocacy and expertise. – A single technical interface across framework with ClearstreamXact, T2S markets and Clearstream‘s which grants customers modern ICSD enables customers to reduce and streamlined user access to our Asset protection technical costs. full range of services from a single entry point. Our harmonised Not only is our operating model connectivity solution is perfectly compliant with many different current suited to enable customers to send and upcoming European regulations and receive information on all of but, as we rollout our links to domestic their asset types and markets across markets in T2S, customers will profit our CSD or ICSD. By bringing from the most direct links possible to our connectivity offering in line the Issuer-CSDs in domestic markets. with our ICSD standard, customers One particular benefit of these more can reap the full benefits of the direct links is improved security thanks Investor-CSD service. to settlement in central bank money. Contact information If you are interested in further information about any of our products within OneClearstream please contact your Relationship Manager or Client Services. [email protected] www.clearstream.com 7203/03.18.
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