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(From Financial News (Daily))
Clearstream International, the international settlement depository owned by Deutsche Borse, has made access to its '481m ($474m) settlement system available online.It will allow its clients - which include all of the world's largest banks and brokers - access to their accounts over the internet or via a virtual private network.
They will be able to query historical security and cash balances for each of their accounts over the past 13 months, as well as query the status of current transactions to check on settlement status. It will add an important layer of transparency to the settlement process, and could help reduce the number trades that fail to settle ...