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01:27 PM
WS&T Staff
WS&T Staff
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Operations: ClearStream Touts Corporate Actions Service

Since launching its new corporate actions service on Dec. 6, 2004, Clearstream, the international central securities depository owned by Deutsche Borse Group, reports that the service has attracted over 290 financial institutions and a total of 50,141 user interactions over its real-time information service, CreationOnline, The new corporate actions service has driven usage of CreationOnline past the milestone of two million interactions set in December, says Clearstream in a release this week.

The new corporate actions service enables Clearstream customers to access and use integrated settlement and custody information seamlessly through a single point of entry. Customers now receive real-time information on corporate action notifications; can submit corporate action instructions and use links to related account information on data such as pending instructions, proceeds and balances. This can lead to fast and efficient account reconciliation, says Clearstream CreationOnline has been adopted across the globe over the past tow years and now has over 16,300 regular users in 78 countries.

In the first quarter, Deutsche Borse Group will launch another reference data initiative through its Market Data & Analytics business - the new Propris service announced at the end of November will deliver reference data to data vendors.

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