Browse Market Structure

Custody and International Settlement Systems

Custody, custodian bank, Euroclear, Clearstream, CREST, and international settlement-system terms.

These pages cover safekeeping and cross-border settlement infrastructure used by custodians, international central securities depositories, and market participants.

In this section

  • Clearstream: A Pan-European Facility for Clearing and Settlement
    Clearstream is a leading financial institution based in Luxembourg, specializing in the clearing and settlement of eurobonds and other securities. It is a subsidiary of Deutsche Börse and was formed from the merger of Deutsche Börse Clearing and Cedel International.
  • CREST: Electronic Share Settlement System
    An overview of CREST, an electronic share settlement system established by the Bank of England for the securities industry, its history, operations, and significance.
  • Custodian Bank: Essential Role in Banking and Finance
    A custodian bank is a financial institution that holds customers' securities in electronic or physical form to minimize the risk of theft or loss. This comprehensive guide covers the essential functions, historical background, and critical role of custodian banks in the financial world.
  • Custody Services: Safekeeping of Securities by Financial Institutions
    Custody Services involve the safekeeping of securities by financial institutions on behalf of clients. These services include the management and safeguarding of financial assets, ensuring secure and efficient handling of customer investments.
  • EUROCLEAR: A Pan-European Clearing and Settlement System
    Euroclear is a pan-European provider of clearing, settlement, and related services for bond, equity, and investment-fund transactions. It was established in 1968 by J.P. Morgan.
Revised on Monday, May 18, 2026