Editing Clearstream (section)

{{Short description|Financial market infrastructure}}
{{infobox company
| name             = Clearstream
| logo             = Clearstream Company Logo.jpg
| image            = File:DSC02268 Eschborn Süd und The Cube Deutsche Börse.jpg
| image_caption    = The Cube building in [[Eschborn]] near [[Frankfurt]], head office of Clearstream Holding AG and of the Deutsche Börse Group
| type             = [[Subsidiary]]
| fate             =
| successor        = 
| foundation       = {{Start date|2000|01}}
| founder          = 
| defunct          = 
| location_city    = [[Luxembourg City]]
| location_country = [[Luxembourg]]
| key_people       = 
| industry         = [[Finance]]
| products         = [[Central securities depository|(International) Central securities depository]]
| revenue          = 
| members          = 5,000+
| num_employees    = 
| parent           = {{lang|de|[[Deutsche Börse]]|italic=no}}
| divisions        = 
| homepage         = http://www.clearstream.com
| footnotes        = 
}}
'''Clearstream''' or the '''Clearstream Group''' is the [[central securities depository]] arm of the [[Deutsche Börse Group]]. It provides [[settlement (finance)|settlement]] and custody as well as other related services for [[securities]] across all [[asset classes]]. Its subsidiary in [[Luxembourg]], [[Clearstream Banking SA]], is one of two world-leading International central securities depositories (ICSDs), the other one being [[Euroclear Bank]]. Both the main German national CSD, [[Clearstream Banking AG]], and the national CSD of Luxembourg, [[LuxCSD]], are also part of Clearstream. Clearstream Banking AG and Clearstream Banking SA are held via intermediate holding company '''Clearstream Holding AG'''.<ref>{{citation |title=Deutsche Börse Group Annual Report 2023 |url=https://www.deutsche-boerse.com/resource/blob/3811980/e40e1743fcc932f4472cf61508160f07/data/DBG-annual-report-2023.pdf}}{{rp|231–232}}</ref>

As of 2017, Clearstream had around 2,500 customers in 110 countries.<ref>{{Cite web |url=http://www.clearstream.com/clearstream-en/about-clearstream/who-we-are |title=Who we are |access-date=2017-02-19 |archive-url=https://web.archive.org/web/20170303053329/http://www.clearstream.com/clearstream-en/about-clearstream/who-we-are |archive-date=2017-03-03 |url-status=dead }}</ref>

The name "Clearstream" is often misinterpreted as indicating a [[Clearing (finance)|clearing]] activity of the Clearstream Group, which is not the case as the clearing arm of Deutsche Börse is a separate entity, [[Eurex Clearing]]. This confusion comes from the name originating in a bygone era when securities clearing and [[Settlement (finance)|settlement]] were often viewed as a single activity.<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|16}}