Settlement
Settlement
For each individual security, the Management Board of the Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) determines through which central depository transactions in that security shall be settled.
Settlement of transactions executed on the trading venues Xetra® and Börse Frankfurt (the Frankfurt Stock Exchange) takes place via Clearstream Banking AG.
Dependent on the respective custody type, instruments held in Collective Safe Custody (CSC) and Non-Collective Safe Custody via T2S (NCSC-T) are settled via Clearstream Banking Frankfurt (CBF).
The settlement for instruments held in Non-Collective Safe Custody (NCSC) takes place via Clearstream Banking Frankfurt international (CBF(i)).