Clearstream boots its collateral management services via new connectivity solution to meet industry priorities and TARGET2-Securities as main driver for future integrated and harmonised connectivity solution.

Clearstream has launched a new customer connectivity channel, ClearstreamXact (pronounced “Clearstream exact”) that is accessible from anywhere in the world via the internet. This new connectivity solution is based upon proven, up to date portal technology. ClearstreamXact initially offers Clearstream’s new intuitive and user-friendly, screen-based connectivity solution to customers for its collateral management services. Future investment is already planned to expand the range of this connectivity solution to other core product areas such as settlement and asset servicing.

This marks the first of many steps on a journey towards a fully integrated and harmonised customer-facing, web-based connectivity framework. Customers’ priorities and the pace of industry transformation will define the roadmap for further developing this new connectivity portal into one which will seamlessly bring together Clearstream’s offering as the central securities depository (CSD) for Germany and Luxembourg and as an international central securities depository (ICSD) via a single interactive dashboard landing page.

Userfriendly T2S

Customers will be able to see and manage all their assets through this single window, no matter in which part of the multiple Clearstream networks they are held.

As the post-trade industry is undergoing significant change driven by an extensive regulatory agenda, this journey towards integration and harmonised connectivity demonstrates Clearstream’s commitment to help its customer base adapt to the future environment. In Europe, for example, the 2015 introduction of TARGET2-Securities (T2S) as a new pan-European centralised settlement platform will replace 23 domestic settlement systems. On a more global scale, the increasing customer demand to access and invest in multiple asset classes across multiple regions and via multiple processing systems calls for more dynamic and streamlined connectivity solutions supported by state-of-the-art technology, which is what Clearstream will offer over time via ClearstreamXact.

The launch of our user-friendly, screen-based connectivity solution, starting with collateral management services, is the first milestone on our journey towards an integrated and harmonised customer connectivity solution for all our services. The features of ClearstreamXact will enable us to adapt to our customers’ changing needs over the coming years with the ultimate goal to streamline user access to our full range of services – no matter where our customers are in the world.”
Yves Baguet, Managing Director Clearstream IT, Chief Information Officer of Clearstream and member of the Executive Board

ClearstreamXact is designed to sit alongside Clearstream’s existing connectivity channels (CreationConnect for its ICSD and Luxembourg CSD business and CASCADE for its German CSD business), both of which will remain an essential part of its connectivity framework for the time being. Clearstream customers will be able to choose when to make use of services provided by the new ClearstreamXact system.