On January 22, the representatives of the International Central Securities Depository Company ClearStream visited the National Bank of Georgia. They conducted a workshop at the National Bank. Representatives of the NBG, commercial banks and other financial institutions participated in this workshop.

Representatives of ClearStrem provided detailed information about what ICSDs are and where they differ from e.g. global custodians, gave the basics of Delivery Versus Payment settlement in ICSDS, gave an overview of all new international regulations that will impact international securities operations, explained what Target 2 Securities is, why the European Central Bank is doing this, and what it means for Georgian banks operating EURO zone securities.

Clearstream International was formed in January 2000 through the merger of Cedel International and Deutsche Börse Clearing. It is a leading European International central securities depositary (ICSD) and also the Central securities depository (CSD) for German and Luxembourgish domestic securities.

ClearStream offers participants of securities market a comprehensive securities settlement service. It ensures that cash and securities are promptly and effectively delivered between trading parties. It also manages, safekeeps and administers the securities that it holds on behalf of its customers.

Clearstream maintains relationships with around 2,500 customers in over 110 countries. Its global network extends across 50 markets. Backed by flexible securities lending and collateral management services, Clearstream offers one of the most comprehensive international securities services available, settling more than 250,000 transactions daily.