Editing Clearstream (section)

===Settlement===
Source:<ref>{{Cite web |url=http://www.clearstream.com/clearstream-en/products-and-services/settlement |title=Settlement |access-date=2015-05-07 |archive-url=https://web.archive.org/web/20150323180717/http://www.clearstream.com/clearstream-en/products-and-services/settlement |archive-date=2015-03-23 |url-status=dead }}</ref>

Clearstream's ICSD settles trades in international securities and in domestic securities traded across borders. The CSDs settle domestic transactions in the German and Luxembourgish markets. Transactions between the two ICSDs Clearstream Banking SA and Euroclear Bank are settled via an electronic communications platform, called the Bridge.<ref>{{Cite web |url=http://www.clearstream.com/clearstream-en/products-and-services/settlement/commercial-bank-money-settlement--icsd-/settlement-overview/bridge |title=Bridge |access-date=2015-05-07 |archive-url=https://web.archive.org/web/20150323194442/http://www.clearstream.com/clearstream-en/products-and-services/settlement/commercial-bank-money-settlement--icsd-/settlement-overview/bridge |archive-date=2015-03-23 |url-status=dead }}</ref>

Clearstream operates a delivery versus payment settlement system, ensuring simultaneous settlement of securities and cash transfers on a gross (trade-by-trade) basis. This helps to minimise the risk associated with the settlement of securities.<ref>{{cite journal|url=http://www.bis.org/cpmi/publ/d101.htm?|title=Principles for financial market infrastructures|date=16 April 2012|website=Bis.org|access-date=1 August 2018}}</ref>