A reliable infrastructure 7239 / 05.19 Clearstream – to protect your assets a trusted global name

As an integral market As an SSS, Clearstream Clearstream is a global customised client solutions, infrastructure, Clearstream has to publicly disclose Cork Clearstream leader in post-trade drive Clearstream’s is a key contributor to the risk management principles securities services with innovative business stability and resilience in its Pillar III report. Dubai around EUR 14 trillion development. Tokenisation of international financial Regulators conduct a direct Snapshot in assets under custody, of securities and assets markets and ensures review of all Clearstream Frankfurt making it one of the world’s constitutes the next the highest standards of services, connections and largest and evolutionary step of safety for customer assets, network links. custody firms for domestic financial infrastructures including asset segregation Hong Kong and international securities. into the digital asset space. and DVP settlement. Creating secure and efficient markets London In its role as international An integral part of Clearstream holds strong, The European Central central securities depository Deutsche Börse Group long-term AA ratings Securities Depositories Luxembourg (ICSD) headquartered in Being part of Deutsche from major international Regulation (CSDR) is one Luxembourg, Clearstream Börse Group is a major rating agencies, which of the key regulations provides the post-trade strength. It allows reflect Clearstream’s focus adopted in the aftermath New York infrastructure for the Clearstream to leverage on risk management and of the 2008 financial crisis. Eurobond market and the combined value chain operational efficiency Clearstream’s Central Prague services for securities of the different Group as well as the strict Securities Depositories from around 60 domestic entities, including a central regulatory framework (CSDs) welcome the Singapore markets worldwide. counterparty, to create within which it operates objectives of CSDR, namely innovative products as both an International to increase the safety Tokyo As a central securities covering the entire lifecycle Central Securities and efficiency of securities depository (CSD) based of securities: listing > Depository (ICSD) and settlement and the in Frankfurt, Clearstream trading > issuance > a Securities Settlement settlement infrastructures Zug provides the post-trade > settlement > System (SSS). Clearstream’s in the EU and to establish infrastructure for the custody > collateral processes are subject to an enhanced level German securities industry management > asset the rules of the respective playing field among as well as CSD services for servicing. national supervisory European CSDs. a large number of domestic authority. markets across Europe and In partnership with HQLAx, beyond. Clearstream also Deutsche Börse Group is serves the Luxembourgish building a custody-agnostic market via LuxCSD jointly solution operated by Clearstream on the R3 Corda blockchain. Clearstream Banking and the Banque centrale This digital ledger will be 42, Avenue JF Kennedy du Luxembourg (BCL). a closed system to which L-1855 Luxembourg market participants will Phone +352-243-0 Drivers of innovation connect using their existing www.clearstream.com A changing market and ecosystem, allowing them regulatory environment to step into the DLT world combined with a strong at their own pace. focus on leveraging new technologies – such as DLT, APIs and AI – to deliver Key facts and figures A broad range of services Making the most of your assets

Our customers benefit from an extensive service portfolio The Banking, Funding and Financing services segment covers: The introduction of customers benefit from our that offers innovative solutions for domestic and global TARGET2-Securities (T2S) OneCollateral Management issuance, settlement, custody, asset servicing, Our German CSD and ICSD Banking Services aim to facilitate has allowed connected CSDs Service (OneCMS) which investment fund services, liquidity and risk management. securities settlement in commercial bank money thereby to build an Investor-CSD represents the collateral ensuring smooth functioning of securities markets. Both, offering that covers all T2S management arm of Clearstream’s core products are composed of four our CSD and ICSD provide ancillary services to optimise markets, asset classes and Clearstream’s T2S offering. business lines providing services to targeted markets: cash and liquidity management. transaction types. Market Assets held at the CSD can participants aim to realise be automatically mobilised The Issuer CSD Services line manages the issuance, The Global Securities Financing offering incorporates the benefits of opting for for use at the ICSD. In the settlement and custody of securities issued via our German triparty services for repo, securities consolidated, direct market next phase Clearstream’s CSD or LuxCSD. Both institutions provide notary and lending, exchange traded and OTC uncleared and cleared access models allowing CSD will offer “ICSD like” central maintenance services (as defined under CSDR) products as well as a number of white-labelled collateral customers to pool assets collateral management to issuers and their participants as well as settlement – management solutions. The product suite provides across different European services settling in T2S. internal and cross border in money – and a deep pool of liquidity through links to agent banks, markets in a single other value added services such as connectivity solutions trading platforms, clearing houses and other market Investor CSD. Connectivity solutions and asset servicing. infrastructures such as CSDs. for a digital world Fully fledged cross-border To keep pace in a world The Eurobonds Business line includes the numbering, Our Investment Fund Services play a key role in our Investor CSD solution of digital transformation, issuance, settlement and custody of securities issued product offering: With a market share ClearstreamXact provides Assets under custody More than 100 currencies via Clearsteam’s ICSD. It provides notary and central of approximately 80% of multi-channel connectivity around EUR 14 trillion are eligible in our ICSD maintenance services (as defined under CSDR) to issuers As a specialised fund custodian, Clearstream delivers the custody and settlement for accessing our full via our connectivity channels and its participants, as well as settlement – internal, state of the art solutions to standardise fund processing volume of T2S markets range of services across 170 million settlement Bridge and cross border in commercial bank money – on a global scale and to increase efficiency and safety available through our all covered markets, transactions processed More than EUR 450 billion and asset servicing. The attractiveness of Eurobonds will in the investment funds sector. Investor CSD model, assets types and business annually in triparty collateral further increase when this security class becomes eligible Clearstream is delivering areas – settlement, management monthly in T2S enabling settlement in central bank money. The Vestima One-stop shop for funds provides a single a true cross-border cash management, asset All major asset classes average outstandings access point to investment funds of all types - from mutual Investor CSD solution servicing, collateral covered, including bonds, The European Custody Product line covers the settlement funds to exchange-traded funds (ETFs) and hedge funds - in the T2S era. management, securities equities, investment funds Around 200,000 investment and custody of securities issued in T2S domestic markets offering order routing, DVP settlement, safekeeping and lending and investment and structured products funds from 49 jurisdictions where Clearstream’s CSDs and ICSD act as investor CSD. asset servicing. Delivering local market fund services. are eligible in Vestima, The service offering includes internal, Bridge and cross requirements Consistently awarded our cross-border fund border settlement in commercial and central bank money. With the Fund Desk offering, Clearstream complements its Thanks to partnerships with While our automated AA credit rating from major processing platform Thanks to partnerships with local agents, Clearstream Vestima One-stop shop for funds to include distribution local agents, Clearstream access is fully ISO compliant rating companies delivers best-in-class asset servicing for the T2S markets support services and to provide direct access to a fund delivers best-in-class to guarantee maximum Over 100 customer service covered in the Investor CSD offering. research solution. Clearstream Fund Desk delivers a new asset servicing for the T2S straight-through-processing, Access to 58 domestic experts worldwide speaking range of services in the fund distribution space for both markets covered in the the Xact Web Portal acts markets worldwide, 19 languages The Global Markets line manages the settlement and fund distributors and asset managers alike. Investor CSD offering. as a single gateway to our plus the international custody of securities issued in non-T2S domestic markets complete ICSD and T2S market 11 offices around the globe: where Clearstream’s CSDs and ICSD act as investor CSD. Taking collateral mobility Investor CSD service Cork, Dubai, Frankfurt, Hong They provide settlement – internal, Bridge and cross to the next level offering for the full range Kong, London, Luxembourg, border in commercial bank money – and additional services With the fully fledged of eligible asset types New York, Prague, to their participants, such as asset servicing. Investor CSD offering now and domestic markets Singapore, Tokyo, Zug running cross-border, in an integrated manner.

Figures as at April 2019