Clearstream extends daytime processing to 13 hours
26 July 2005 | 1172 views | 0
Clearstream has extended its daytime processing period by up to two hours to 18:00 CET now covering 13 hours and at the same time has set new cash and securities deadlines.
Through these extended processing capabilities and improved deadlines customers benefit from enhanced liquidity in securities processing and from more flexibility for managing their cash.
The new continuous daytime settlement processing period extends through to 18:00 CET. As a result, three areas of deadline improvements have been achieved for internal instructions, securities instructions and cash instructions
Chief Operating Officer Matthias Ganz commented: "These improvements, delivered in line with Clearstream's commitment to efficiency and customer service, further increase the interoperability with domestic markets notably in the U.S. time zone. Customers will be able to achieve savings through significantly improved market access and more flexibility in cash and securities management."
Clearstream is the post-trade division of Deutsche Börse Group, the world's largest exchange operations company when measured by revenues. It offers a comprehensive settlement service for equities and bonds both domestic and cross-border and investment funds to a global customer base.