CLEARSTREAM TO OFFER SAME-DAY OPERATIONS IN ASIA-PACIFIC

Posted September 8, 2008

FRANKFURT – Clearstream, the post-trade arm of Deutsche Börse Group, plans to offer a same-day operating environment for its customers in the Asia-Pacific region throughout their working day, as well as same-day currency deadline for major Asia-Pacific currencies, including Australian dollars, New Zealand dollars, Hong Kong dollars, Singapore dollars and Japanese yen.

“This is a natural progression in our servicing of our Asia-Pacific customer base and supporting their regional, crossborder settlement needs,” says Philippe Metoudi, Member of the Executive Board, responsible for Relationship Management for Asia-Pacific, Middle East and Africa. “We are now backing up our investment in customer service with processing solutions that support customers’ same-day settlement and funding needs.”

Although time-zone differences will require Asia-Pacific customers to pre-fund or finance settlement operations, same-day payment deadlines will make the settlement solutions as efficient as those Clearstream offers for US dollars, euros and other major currencies.

“Ours is a global business. Having realized and executed with success our objectives in Europe, our next focus is on delivering equivalent service levels to our customers in the Asian domestic markets,” says Mark Gem, Member of the Executive Board, responsible for Business Management. “Our vision for interoperability is to provide our customers with the ability to settle against counterparties globally, irrespective of trading and custody location, as efficiently as if those counterparties were internal.” Clearstream will develop its planned same-day Asia-Pacific environment during 2009.