The new Deutsche Börse Group resulting from the integration of Clearstream will be the preeminent full service provider for the securities industry. It will provide technology, services and products from trading and information products to clearing, settlement and custody based on straight through processing and interoperability standards and accessible at each stage of the processing chain. This unique position as an integrated provider of the complete securities processing chain will also be reflected in the customer governance. With Eurex as the world's leading derivatives exchange and Clearstream as a pre-eminent custody player, Deutsche Börse Group becomes the leading international transaction engine. The result will be a highly efficient, low-cost securities processing chain from order capture to custody both for securities and derivatives markets: Customers benefit from the optimal utilization of their assets minimizing opportunity costs and risks. Service levels will increase and new products will be introduced faster.
The integration plan of Clearstream will now be implemented as planned. Deutsche Börse expects that the full cost synergies of the transaction will be achieved by the end of 2004.
