Account Services

Single Matching Account

A Single Matching Account improves the process of matching instructions and reduces the number of matching failures for customers with multiple accounts and sub-accounts.

Counterparties can use the same account number for all their securities transactions with Clearstream customers that use this service. The customer’s corresponding instructions can use any of their account numbers so that they are settled in the accounts of their choice.

This can greatly reduce settlement risk and simplify internal account management.

Using a Single Matching Account enables customers to:

• Simplify the matching process for the customer’s back office and counterparties
• Reduce the risk of matching errors with resulting increased settlement efficiency
• Restructure multiple accounts with no impact on counterparties
• More easily segregate assets
• Monitor counterparties’ instructions via one designated account number
• Work with existing instruction or report setups

Umbrella Credit & Collateral service

Clearstream’s Umbrella Credit and Collateral Services (UCCS) enable customers to maximise the availability of credit to support their settlement activity across multiple accounts.

The services provide:

• An umbrella credit line at customer level which is accessible from any account the customer holds with Clearstream Banking Luxembourg and
• A collateral pool to secure the use of above credit line. The collateral pool can be credited from any account of the customer's choice.

In addition to Clearstream providing global credit lines on individual accounts, an umbrella credit line is accessible from any account the customer holds with Clearstream and offers customers the choice of five different account set-up options.

For further information on the service and how to subscribe, please consult the Customer Handbook or contact your Relationship Officer.