Clearstream local custodian bank in ICSD

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Agent Banks - Clearstream

Mailing Address	42 Avenue J.F. Kennedy, L-1855, Luxembourg
Company Web site	www.clearstream.com
Company Description
As an ICSD, Clearstream has been offering global custodial and settlement services with ICSD and domestic counterparties for over 30 years. In addition to its role as primary location for the deposit and settlement of Eurobonds it provides network coverage of 45 markets – focussed on the European markets and major global government debt markets. Clearstream’s service offering Clearstream is an integral part of the European financial services infrastructure and operator of one of two leading ICSDs. Its core services offered include trade settlement and asset servicing - all within a highly automated book-entry environment. A few examples of the key services offered by Clearstream are noted below: * ICSD for Eurobonds and International bonds * Cross-border domestic securities settlement and asset servicing across 45 domestic markets * Central Securities Depository (CSD) for the German and Luxembourg markets * Global Securities Financing (GSF) facilities, including securities lending and Triparty Repo services * Investment Funds Services (IFS) processing through Vestima+, the order routing service; and the Central Funds Facility (CFF), offering the centralised settlement of investment funds transactions. Clearstream’s corporate history Clearstream was created in September 1970 as Cedel Bank S.A. (later renamed Clearstream Banking S.A.) whose primary objective was to minimise risk in the settlement of cross-border securities trading, particularly for the growing Eurobond market. Clearstream was fully integrated in Deutsche Borse Group in 2002. Deutsche Borse Group is the pre-eminent provider of integrated trading and settlement services for both fixed-income and equity instruments. Clearstream’s head office is located in Luxembourg. Its operational capability is split between Frankfurt and Luxembourg – a key advantage for business continuity. Additionally, Clearstream maintains 6 regional offices in London, New York, Hong Kong, Singapore, Tokyo and Dubai to serve its 2,500 clients in 100 countries. Each office provides sales and relationship management support and customer services in its region. Together, these regional offices provide 24-hour customer servicing.

CONTACTS

Name	Stefan Lepp
Job title	Member of the Executive Board
Email	stefan.lepp@clearstream.com
Phone	+49 69 2 11 12569
Fax
Mailing Address

Name	Philip Brown
Job title	Executive Vice President -Client Relations Europe and Americas
Email	philip.brown@clearstream.com
Phone	352 243 3 24 25
Fax
Mailing Address	42, avenue JF Kennedy, L-18555 Luxembourg

Name	Philippe Metoudi
Job title	Member of the Executive Board
Email	philippe.metoudi@clearstream.com
Phone	+852-2523-0728
Fax
Mailing Address	42 Avenue J.F. Kennedy, L-1855, Luxembourg

Name	Michel Barbancey
Job title	Executive Director-Relationship Management Southern Europe
Email	michel.barbancey@clearstream.com
Phone	352 243 3 6273
Fax
Mailing Address	42, avenue JF Kennedy, L-1855 Luxembourg

CLIENT PROFILE

= Top Rated	= Domestic Top Rated	= Leading Top Rated	= Unrated
= Commended	= Domestic Commended	= Leading Commended	= Not Rated
= Best In Class

RATINGS

	2009	2010	2011
CBNA
Domestic
Leading Clients
Local Ranking
Regional Rating
Regional Ranking
Form (Unweighed)	2.14%	1.41%	0.35%
Number of Responses - CBNA/Domestic	261/1	287/0	206/0
Percentage of Leading Clients (CBNA)	36%	32%	33%
Percentage of Custody Clients - CBNA/Large Clients/Active Clients