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DekaBank, the securities services provider of the German Savings Banks Finance Group, has chosen Clearstream, Deutsche Börse Group’s post-trading services provider, to handle post-trading services such as settlement, custody and asset servicing for its European securities markets activities. Austria has become DekaBank’s first market to be processed via Clearstream’s Investor CSD model. Eurobonds, Belgium, the Netherlands, France, Italy, Spain and other markets are to follow in 2020 and 2021.
Clearstream’s Investor CSD model allows DekaBank to pool its assets across the connected platforms of Clearstream’s German central securities depository (CSD) and its international central securities depository (ICSD). This increases liquidity and enables seamless transfer between...
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