Clearstream Moves to Real-Time Settlement

A decade after first announcing its plans, Luxembourg-based international depository Clearstream International has migrated from continuous batch to real-time settlement.

Under real-time settlement, which is increasingly common among national depositories, trades do not settle immediately after they are executed. Rather, when a settlement instruction is sent, whether immediately or several days after an execution, it can be matched and processed right away instead of waiting for the next batch process.

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