Clearstream Rated Best Tri-Partite Repo Service Provider In Europe

For the second consecutive year, Clearstream has been rated as Europe's best provider of Tri-Partite Repo services to the international securities market by the annual survey undertaken by Global Custodian magazine. Clearstream has now achieved this leading position in five of the last six years.

The detailed survey looks at six different service factors "operational efficiency", "costs, servicing and value-added", "business model", "collateral optimization", "collateral management and monitoring" and "reporting and communications".

Jeffrey Tessler, CEO at Clearstream International said, "We are particularly proud to be rated best Tri-partite Repo provider in Global Custodian Magazine’s survey again this year. We will never stop working closely with our customers to deliver services tailor-made to their evolving needs."

In 2005, Clearstream introduced the first "Quadpartite Securities Financing service", which allows bonds held in domestic markets to be more easily utilised for financing in international triparty. In November 2005, Clearstream also launched an enhanced securities lending service, called ASLplus where lenders directly benefit from extra revenue generation whilst saving on the custody fees for securities on loan.

Survey Scores from Global Custodian Magazine Tripartite Repo Service Survey 2006

Service Provider Overall Average Weighted Score Europe
Clearstream 5.51
Bank of New York 5.18
JP Morgan 5.34
Euroclear 5.19