Clearstream Is "Top Rated" For Triparty Securities Financing Services - Industry Survey Shows Clearstream Outperforms All Its Competitors

Clearstream received the award of 'top rated provider' for the 2nd year running from the latest industry survey completed by the respected Global Custodian magazine for the area called Tri-party Securities Financing. Each year, Global Custodian magazine conducts a thorough review of the industry based upon direct feedback from central banks, international banks, supranationals, commercial banks and broker dealers.

The survey asks financial institutions to rate service levels across 30 categories and the results show that this year Clearstream has received top rating scores in 24 of the categories with average scores even higher than last year. A key point of this survey is that it requires the respondents to assess the quality of a provider's services at a very detailed functional level. Clearstream's performance has enabled it to be rated as No. 1 service provider significantly ahead of competitors like Euroclear, Bank of New York and JP. Morgan Chase.

Clearstream excelled particularly compared to its last year performance in areas such as access to low cost financing, handling a variety of securities and transaction types in multiple locations. The survey is widely respected as the definitive assessment of service quality in the high growth triparty repo and collateral management market. It is used by new participants to examine in detail the full breadth and quality of the service provided by each of the major triparty agents.

Saheed Awan, Executive Director Global Securities Financing at Clearstream stated, "Our triparty agency service continues to experience strong growth in market share and in absolute terms, year on year, we have experienced a rise of 58% in estimated daily assets. This is in one of the most demanding areas in the securities processing industry as triparty repo is fast becoming the secure money market investment of choice and the premier financing tool for banks and broker dealers." He pointed out that Clearstream uses advanced technologies to provide a robust operations and settlement infrastructure. "We are therefore absolutely delighted that the market has once again selected Clearstream as the best provider in the world for triparty services which independently reflects Clearstream's dedication to excellent customer service from all areas within our organisation," Awan concluded.