Clearstream in the Asia-Pacific

From 23 November 2009, Clearstream will substantially increase its commitment to customers throughout the Asia-Pacific region. This major enhancement of our extensive range of products and services is designed to make working life simple, efficient and secure for all our clients.

Real-time settlement throughout your business day

The considerable extension of our daytime settlement processing platform will enable end-to-end, real-time settlement and asset servicing 21/24 hours, giving you full coverage of all our services throughout your core business day.

Real-time settlement will start from SD-1 22:00 CET (currently 04:20 SD), combining daytime and night-time processing into a single, extended, real-time processing window - an increase of almost seven hours.

Substantial improvements to our securities deadlines

In addition to our extended settlement day, we will also significantly increase our securities deadlines wherever possible, some by up to 14 hours, giving you increased liquidity and better use of collateral throughout the settlement day. Securities deadlines for Hong Kong, Singapore, Japan and Australia will be within 30 minutes of existing sub-custodian deadlines.

These significant enhancements will give you better interoperability with local Asia-Pacific markets, as well as improved access and responsiveness within European markets.

Increased same-day cash settlements

Following our introduction of same-day payment deadlines for the Singapore dollar in 2008, this year we have extended our same-day cash settlements to include the Australian dollar, Hong Kong dollar and Japanese yen.

Now, customers holding these currencies no longer need to manage their cash in anticipation of settlement results, thus freeing up liquidity and optimising funding.

Expanding our presence in the Asia-Pacific region

As part of our on-going commitment to our customers in the Asia-Pacific region, subject to regulatory approval by the Luxembourg and Singapore authorities, we will be increasing our presence with an expanded operations and business centre in Singapore.