Clearstream Puts Corporate Actions Online

FRONT PAGE: OPERATIONS

European clearing and settlement agency Clearstream is adding a new service to its CreationOnline product that will allow clients to receive and respond to pending corporate actions in ISO 15022 format via the Internet.

CreationOnline is a real-time, Web-based platform that lets clients view the status of trades being settled and send settlement instructions to Clearstream via a browser "dashboard."

Starting Dec. 6, Clearstream will expand CreationOnline into custody. This requires Clearstre