LuxCSD operates a large number of links to securities and commodity markets across the globe, via Clearstream Banking. Currently, our network of links covers countries representing around 86% of global GDP.
As the demand for access to new markets, currencies and instruments develops, we will continue to expand our global network and deliver innovative market access solutions that meet your needs.
Around 100 settlement currencies are currently eligible in Clearstream Banking's International Central Securities Depository (ICSD) via their connectivity suite, CreationConnect. Currencies can either be ‘full settlement’ or ‘denomination only’, where an instrument is issued in one currency, but the redemptions and settlement are conducted in another, such as USD.
Customers also enjoy access to 54 domestic securities markets worldwide, plus the international market, via a network of local sub-custodians and Central Securities Depositories (CSDs).
LuxCSD uses Clearstream's access to counterparties in the domestic markets either via a direct link to the CSD or via an indirect link to the CSD through an account held with a local sub-custodian (see diagram). Where it holds a direct account with a local CSD, Clearstream may decide to appoint a local agent bank as account operator in order to deliver the level of service required by our clients.
Detailed information on the services that LuxCSD offers in each market can be found in the Creation Market Guides.