Clearstream rated world’s best Tri-Partite Repo Service Provider

Clearstream has been rated as the leading global provider of Tri-Partite Repo services to the international securities market for 2005 by the closely-watched annual survey undertaken by the respected Global Custodian magazine. The survey conducts a detailed review of a wide range of service elements ranging from collateral optimization through to reporting and communications.

For the fourth time in the last five years, Clearstream has achieved the highest overall scores and has increased its scores in both absolute and relative terms from 2004. Clearstream has outperformed all other service providers in the key areas of ‘Operational efficiency’, ‘Costs, Servicing and Value-Added’ and ‘Reporting and Communications’.

Jeffrey Tessler, CEO at Clearstream International said, “The area of Securities Financing and Tri-partite Repo is fast-becoming the central concept behind the need for effective collateral management across the wider industry. We have worked with our customers to deliver significantly improved service levels which have now become a key competitive differentiator for us above our competitors.”

Clearstream has already revealed plans to expand its service range in 2005 with the stepwise introduction of an innovative ‘quadpartite securities financing service’, which will allow bonds stuck in domestic markets to be more easily mobilized for financing in international triparty. In addition, Clearstream is working with Eurex to deliver a general collateral repo trading, clearing and collateral management service.

Yolande Theis and Graham Cope will be happy to answer questions from the news desks: phone +352-243-31500

Survey Scores from Global Custodian Magazine Triparty Service Survey 2005:

# Service Provider: Clearstream
Front Office Services Score: 5.52
Operations Score 5.72
Overall Average Score 5.52
Overall Average´Weighted Score: 5.62

# Service Provider: Bank of New York
Front Office Services Score: 5.47
Operations Score 5.47
Overall Average Score 5.50
Overall Average´Weighted Score: 5.47

# Service Provider: JP Morgan
Front Office Services Score: 5.45
Operations Score 5.47
Overall Average Score 5.45
Overall Average´Weighted Score: 5.46

# Service Provider: Euroclear
Front Office Services Score: 4.78
Operations Score 5.12
Overall Average Score 5.01
Overall Average´Weighted Score: 4.95