Clearstream provides two fundamental services to the industry.

Clearstream provides two fundamental services to the industry:

International central securities depository (ICSD)

Central securities depository (CSD) for German and Luxembourgish domestic securities.

	72% of assets under custody are fixed income related.
	28% are equity related

As an ICSD it has, over a period of 35 years, developed a strong position in the international fixed income market. It handles the clearing, settlement and safekeeping of Eurobonds and offers its customers the possibility to use Clearstream Banking as a single point of access for the settlement and custody of internationally traded bonds and equities across 42 markets.

As of 31 December 2005, 72 percent (€ 6.31 trillion) of Clearstream’s assets under custody were fixed income products, 28 percent (€ 2.44 trillion) were equity products. In 2005, around 84 percent of Clearstream’s sales revenue was generated by handling the settlement and safekeeping of Eurobonds as well as internationally and nationally traded bonds and equities; the post-trade services as CSD for German domestic securities accounted for around 22 percent of this settlement and custody revenue.

Settlement and custody

The settlement of market transactions and the custody of securities are Clearstream’s core businesses. Customers benefit from a variety of value added services:

	Global Securities Financing offers them the opportunity to enhance their liquidity and control risk
	Cash Management services enable customers to efficiently manage their cash positions through same-day value withdrawals and deposits, automatic currency conversions and automatic transfers of custody proceeds
	Investment Funds Services provide innovative solutions to increase the efficiency of the European Investment Funds markets.

More than 1,100 employees service customers in Europe, the Americas, Asia-Pacific, the Middle East and Africa from Luxembourg and Germany, as well as from representative offices in London, New York, Hong Kong, Dubai, Tokyo and Singapore.