Clearstream Banking AG

{{short description|Financial market infrastructure}} {{infobox company | name = Clearstream Banking | logo = Clearstream Company Logo.jpg | type = Subsidiary | industry = Financial services | founded = {{Start date|1949|07|12}} | founder = Frankfurter Kassenverein | hq_location_city = Frankfurt | hq_location_country = Germany | key_people = | products = Central securities depository | num_employees = | parent = Clearstream Group | website = {{URL |https://www.clearstream.com/ }} }}

'''Clearstream Banking AG''' (to be known as ''Clearstream Europe AG'' from 26th September 2025<ref>{{Cite web |title=Clearstream Banking AG to be renamed to Clearstream Europe AG |url=https://www.clearstream.com/clearstream-en/securities-services/d25023-4538640 |access-date=2025-09-16 |website=www.clearstream.com}}</ref>) is the main national central securities depository (CSD) in Germany. It is a fully owned subsidiary of the Clearstream Group, itself part of Deutsche Börse Group.

{{As of |2018}}, it was the world's fourth-largest CSD by value of securities held, only surpassed by Fedwire Securities Service, the Depository Trust Company, and Euroclear Bank.<ref>{{citation |title=On the future of securities settlement |journal=BIS Quarterly Review |publisher=Bank for International Settlements |location=Basel |url=https://www.bis.org/publ/qtrpdf/r_qt2003i.pdf |date=March 2020 |first1=Morten Linnemann |last1=Bech |first2=Jenny |last2=Hancock |first3=Tara |last3=Rice |first4=Amber |last4=Wadsworth}}</ref>{{rp|69}}

== History == On {{date|1949-7-12}}, the ''Frankfurter Kassenverein'' was established to handle the settlement and clearance of securities traded on the Frankfurt Stock Exchange following the wartime and post-war disruption.<ref name=memories>{{cite web |website=Clearstream |url=https://www.clearstream.com/clearstream-en/newsroom/200429-1969172 |date={{date|2020-4-29}} |title=50 years of Clearstream: the German side of Clearstream's journey}}</ref> The word ''Kassenverein'' was a reference to a number of pre-war financial institutions that provided market infrastructure services in the German-speaking world, including the {{ill|Berliner Kassenverein|de}} and the Wiener Giro- und Cassen-Verein, the latter being described as the oldest CSD.<ref name=Norman>{{cite book |author=Peter Norman |title=Plumbers and Visionaries: Securities Settlement and Europe's Financial Market |date=2007 |publisher=John Wiley & Sons |location=London}}</ref>{{rp|39}}

In 1970-71, the ''Auslandskassenverein'' (''AKV'') was formed to act as clearing and settlement agent and international gateway for German banks to various foreign depositories, including but not limited to Cedel in Luxembourg.{{R|Norman|p=39}}

In December 1989, the ''Kassenverein'' arms of the regional stock exchanges in Berlin, {{ill|Dusseldorf Stock Exchange{{!}}Dusseldorf|de|Börse Düsseldorf}}, Frankfurt, Hamburg, {{ill|Hanover Stock Exchange{{!}}Hanover|de|Börse Hannover}}, Munich, and Stuttgart merged as a single CSD for all of Germany, branded ''Deutscher Kassenverein'' (''DKV''),<ref name=memories/> henceforth a subsidiary of Deutsche Börse.{{R|Norman|p=284}}

In 1996, the AKV was merged into DKV, which was subsequently renamed ''Deutsche Börse Clearing AG'' (DBC) in 1997.<ref name=memories/>

In 2000, DBC merged with Cedel in Luxembourg, and the merged entity became a fully owned subsidiary of Deutsche Börse in mid-2002.{{R|Norman|p=287}}

In June 2025, Clearstream Banking AG announced that it would be renamed as Clearstream Europe AG.<ref>{{cite news |url=https://fxnewsgroup.com/forex-news/institutional/clearstream-banking-ag-to-be-renamed-to-clearstream-europe-ag/ |title=Clearstream Banking AG to be renamed to Clearstream Europe AG |date=June 26, 2025 |publisher=FX News Group }}</ref>

==References== {{reflist}}

Category:Banks of Germany Category:Central securities depositories of Europe