Clearstream International investment & finance definition
An international clearing and settlement organization formed in 2000 through a merger of Cedel International and Deutsche Borse Clearing.
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Clearstream An international clearing system that holds and settles international securities such as Eurobonds.
CLSS See Continuous Linked Settlement Services
CLU See Chartered Life Underwriter.
Clearstream Banking Frankfurt
Within Deutsche Börse Group, Clearstream Banking Frankfurt handles the efficient and safe settlement of securities trades, securities custody and securities administration for domestic and foreign securities.
The official settlement period is T+2, though many overseas investors will settle at T+3. Clearstream acts as a clearing house for all German trades in equities. Since the creation of the euro currency, all German listings are quoted in euros.
A depository or transaction system established to expedite security transaction settlement. Bonds are normally cleared through Euroclear or Clearstream, via which transactions and deliveries between trading parties are effected by book-entry only.
Common code: A nine digit code that identifies a security. It is used by Euroclear and Clearstream.
 See also: Market, Trading, Clearing, Exchange, Share
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