Clearstream has recently implemented access to the Icelandic market by using a 'Free of Payment' (FoP) method, in addition to the 'Delivery versus Payment' (DvP) service that already exists between Clearstream and Danske Bank for Danish securities. Free of Payment (FoP) links enable irrevocable delivery of securities but without the guarantee of payment by the counterparty. Most of Clearstream's links to markets operate on a 'Delivery versus Payment' (DvP) basis. This method eliminates the principal risk for customers through a simultaneous exchange of securities and payments, which in turn builds the necessary confidence required to drive additional market liquidity.
Clearstream also operates as a settlement location for 22 trading platforms and Central Counterparties (CCP), in addition to the trading platforms and CCP run by the Deutsche Börse Group. These 22 platforms include the recent addition of institutions such as LCH.Clearnet, BrokerTec and MTS Deutschland.