A clearing house that is one of the largest security depository and post-trade financial services companies in the world. Formed in 2000 as the result of a merger between Cedel International and Deutsche Borse Clearing, Clearstream serves as the principle clearing house for transactions in the Euromarket. Now fully owned by Deutsche Borse, it provides clearing services for companies in more than 80 countries. Its main competitors are Euroclear and the Depository Trust and Clearing Corporation.
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An international clearing and settlement organization formed in 2000 through a merger of Cedel International and Deutsche Borse Clearing.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.