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The joint venture partners of Link Up Markets
Ten leading Central Securities Depositories (CSDs) - Clearstream Banking AG Frankfurt (Germany), Cyprus Stock Exchange (Cyprus), Hellenic Exchanges S.A. (Greece), IBERCLEAR (Spain), MCDR (Egypt), Oesterreichische Kontrollbank AG (Austria), SIX SIS AG (Switzerland), STRATE (South Africa), VP SECURITIES (Denmark) and VPS (Norway) - have become partners of the joint venture Link Up Markets to improve efficiency and reduce costs of post-trade processing of cross-border securities transactions in Europe. They processed over 170 million transactions in 2008 and have in excess of EUR 10 trillion in assets under custody.
Each participating CSD took an equity stake in Link-Up Capital Markets S.L., the legal entity, based in Madrid with Tomas Kindler as Managing Director.
The CSDs who founded Link-Up Capital Markets S.L. in April 2008 are members on the Board of Directors.
Clearstream Banking AG Frankfurt
Clearstream Banking AG Frankfurt is a wholly owned subsidiary of Clearstream International, the securities settlement and depository organisation of Deutsche Börse Group. Clearstream Banking Frankfurt is the Central Securities Depository for German domestic securities and provides the infrastructure for services downstream of trading such as the settlement of securities transactions as well as the safe custody and management of securities.
www.clearstream.com
Cyprus Stock Exchange
The Cyprus Stock Exchange (CSE) is a public corporate body (semi-governmental) offering trading, clearing & settlement and registry services to its clients. The operation of the CSE is supervised by the Council of the CSE which is appointed by the Council of Ministers. Accounts of the CSE are audited by independent and recognised auditors and the General Auditor of the Republic.
www.cse.com.cy
Hellenic Exchanges S.A.
Hellenic Exchanges S.A. (HELEX) is the operator of the Greek cash and derivatives markets. HELEX is a vertical silo offering trading, clearing, settlement and registry services to its clients. HELEX has been listed in the Athens Exchange since August 2000 and is fully privatized since September 2003.
www.helex.gr
IBERCLEAR
IBERCLEAR is the Spanish Central Securities Depository which is in charge of both the Register of Securities, held in book-entry form, as well as the Clearing & Settlement of all trades from the Spanish Stock Exchanges, the Spanish Public Debt Market, the AIAF Fixed Income Market, and Latibex - the Latin American stock exchange denominated in Euros. To achieve this, IBERCLEAR uses technical platforms which allow participants to benefit from technical solutions with a high level of automated procedures. IBERCLEAR is a subsidiary of the company Bolsas y Mercados Españoles, BME.
www.iberclear.es - www.bolsasymercados.es
Misr for Central Clearing, Depository and Registry
The main objective of the Misr for Central Clearing, Depository and Registry (MCDR) is to apply the central depository system, effect central registry of securities traded in the Egyptian capital market and facilitate securities trading on dematerialized shares. MCDR also aims at undertaking clearing and settlement on securities traded in the capital market and applying the Delivery Versus Payment system.
www.mcsd.com.eg
Oesterreichische Kontrollbank AG
Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) is Austria's main financial and information service provider for the export industry and the capital market. Since its foundation in 1946, OeKB has acted in the interest of the overall economy. OeKB offers a wide range of specialized services to companies across all sectors, financial institutions as well as agencies of the Republic of Austria. OeKB acts centrally, impartially and in accordance with the OeKB’s sustainability policy. Its shareholders are domestic commercial banks.
www.oekb.at
SIX SIS AG
SIX SIS is part of Swiss Financial Market Services AG. In the combined role as depository (local CSD) and as international Central Securities Depository (ICSD), SIX SIS offers the full range of securities settlement and custody services. SIX SIS has banking status and is subject to the Swiss Federal Banking Commission as well as the Swiss National Bank in terms of system supervision. The company employs approximately 290 staff members at its offices in Zurich and Olten. SIX SIS offers efficient and cost-effective services in the field of securities settlement.
www.six-sis.com , www.six-group.com
STRATE
Strate is the authorised Central Securities Depository (CSD) for the electronic settlement of all financial instruments in South Africa. Our core purpose is to mitigate risk, bring efficiencies to the market and improve South Africa’s profile as an investment destination. Currently Strate handles the settlement of equities, warrants and bonds for the JSE Ltd (including the former Bond Exchange of South Africa.) In addition, Strate is the provider of a growing number of products, data and services in line with market demands and trends.
www.strate.co.za
VP SECURITIES
VP delivers solutions and know-how to the financial sector and limited companies within securities and investor administration. Solutions are sold both on the domestic and the international market. In Denmark VP operates as the Danish Central Securities Depository (CSD) and handles book-entering, clearing and settlement of securities.
www.vp.dk
VPS
VPS offers account, settlement and CSD Services in the Norwegian market that make it easier for issuers to raise capital and maintain an ownership overview, and for investors to negotiate their rights.
www.vps.no
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