Clearstream Launches Global Issuance Service

Cleastream has launched its Global Issuer Hub for clients who issue their securities globally.

The hub consolidates all issuance services into one access point, providing clients and prospects with access to end-to-end issuance services and investors located anywhere in the world.

Operating out of Frankfurt, London, Luxembourg, Prague and Singapore, the Clearstream Global Issuer Hub facilitates issuance of all types of debt instruments, warrants, equities and investment funds in 46 settlement and 96 denomination currencies in both central bank (EUR) and commercial bank money.

The worldwide debt capital market grew by 18% between 2008 and 2011 (from $85 trillion to $ 100 trillion). Given this growth, Global Issuer Hub positions customers to issue in and access markets anywhere in the world, be it exchange traded funds (ETFs), Islamic finance or the so-called “dim sum” bond market. The number of offshore renminbi (RMB) denominated bond issuances Clearstream facilitated in 2012 already saw a 71% increase compared to 2011.

Marc Kieffer, head of Issuance & Distribution Services at Clearstream, commented: “The market has been right to look for more international, holistic and efficient models for securities’ issuance and today we are able to offer this in the form of our Global Issuer Hub. Issuers and investors will now be able to enjoy our global reach, local expertise world wide and full suite of customized services over the entire issuance cycle from admission to distribution and asset servicing.”

In addition, Clearstream’s Luxembourg regime has recently been implemented for dematerialized securities issued under Luxembourg law. In addition to removing the need for issuing physical global notes, this new regime aims to provide a low-risk environment for issuers with special focus on issuance and asset services.