DEUTSCHE BOERSE'S CLEARSTREAM IN PARTNERSHIP WITH BELFIUS (ENG)

     (The following press release from Deutsche Boerse was received by e-mail. 
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News Release
Deutsche Boerse Group
17.01.13 
Clearstream partnership with Belfius expands global collateral management
services to bilateral OTC derivatives
Solution is compliant with upcoming regulations on collateralisation
* Further bolsters the unified collateral pool bridging bilateral and
triparty trades to combat the challenge of collateral fragmentation in the
market
* Integrated with Clearstream’s collateral management products 
Clearstream and Belfius have agreed to develop exclusively a new collateral 
management activity for bilateral trades, focusing on over-the-counter
(OTC)
derivatives and aimed primarily at corporates and medium-sized banks. The
service, which will leverage Belfius’ specialist experience, will be
white-labelled by Clearstream and offered to its clients. 
It is expected that the new outsourced service will be launched in 2013
following the signature of a Letter of Intent. The deal is the latest in a
number of strategic partnerships created by Clearstream as it extends the
reach
and capabilities of its Global Liquidity Hub, a collateral management
environment delivering worldwide services across borders, asset classes,
time
zones and products on an open architecture basis. 
The partnership with Belfius will enable Clearstream customers to further
bolster the globally unified collateral pool that bridges the bilateral and 
tri-party worlds and will optimise collateral management across both
cleared
and uncleared OTC derivative trades by further reducing collateral
fragmentation. 
The new service will be compliant with the best practices and standards in
the
European Market Infrastructure Regulation (EMIR) that will be enacted this
summer. Clearstream will particularly target mid-sized banks and buy-side
customers and will offer margin calls, dispute management, portfolio
reconciliation, legal contract review and administration, payments and
settlements reporting, a cash reinvestment mechanism and collateral
transformation. 
Stefan Lepp, Head of Global Securities Financing at Clearstream, said this
latest partnership reflects a welcome and important expansion of the Global 
Liquidity Hub that would deliver not only a new service to banks but also
strengthen Clearstream’s offering to the corporate world in line with the
growing demand in the OTC derivativesspace. 
“We’re delighted to be working in partnership with Belfius and to be
expanding
our service portfolio both to buy and sell-sides as collateral management
is a
priority right across our industry,” he said. “With this unique service, we
are
able to address the growing pressure triggered by regulatory changes in the
OTC
derivatives world on a short time-to-market basis by combining the
outstanding
expertise of Belfius with the state of the art collateral management
product
range of Clearstream. Forging strategic partnerships with key industry
players
is an important part of Clearstream’s business model and we are sure our
relationship with Belfius will be very beneficial for our customers.” 
Luc Van Thielen, Chief Operations Officer at Belfius Bank, said he was very 
pleased to be entering into this partnership with Clearstream. 
“This is the recognition, by a well-regarded market player, that Belfius
has
robust collateral management processes in place. Especially in the changing 
context of EMIR, this partnership can be of real added value to the market
for
players active in the OTC derivative space. The OTC collateral management
services will be an important complement to Clearstream’s service offering
and
will fit seamlessly into the Global Liquidity Hub.” 
About Clearstream 
Clearstream is the post-trade services and global liquidity provider within 
Deutsche Börse Group. As an international central securities depository
(ICSD)
headquartered in Luxembourg, Clearstream provides the post-trade
infrastructure
for the Eurobond market and services for securities from 53 domestic
markets
worldwide. Clearstream’s customers comprise approximately 2,500 financial
institutions in more than 110 countries. Its services include the issuance, 
settlement and custody of securities, as well as investment fund services
and
global securities financing. With more than EUR 11 trillion in assets under 
custody, Clearstream is one of the world’s largest settlement and custody
firms
for domestic and international securities. As a central securities
depository
(CSD) based in Frankfurt, Clearstream also provides the post-trade
infrastructure for the German securities industry, offering access to a
large
number of markets in Europe. 
Further information: www.clearstream.com 
About Belfius Bank & Insurance 
Belfius Bank & Insurance is a bank solidly rooted at a local level,
carrying
out commercial activities in Belgium in three main fields: retail and
commercial banking, public sector financial services and insurance.
Supported
by some 150 years of experience in the public sector and 50 years in the
retail
client segment, Belfius Bank & Insurance is entirely held by the Belgian
State
via the Société Fédérale de Participations et d’Investissement (“SFPI”).
Its
shares are not market listed. 
Further information: www.belfius.be 
Media contact Clearstream 
Nicolas Nonnenmacher, +352-243-36115
nicolas.nonnenmacher@clearstream.com 
Media contact Belfius 
press@belfius.be, +32-2-222 02 50
Moniek Delvou, moniek.delvou@belfius.be, +32-2-222 98 16 
Further information from Deutsche Boerse Group
is available under http://deutsche-boerse.com/press
Mailto:Media-Relations@deutsche-boerse.com. 
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