Deutsche Bank to provide Clearing, Settlement and Custody on new Munich Stock Exchange Carbon Trading Venue
Deutsche Bank’s Global Transaction Banking division is pleased to announce that it has entered into a co-operation agreement with Bayerische Börse AG, the operator of the Munich Stock Exchange in Germany. Under the agreement, the Munich Stock Exchange will offer a spot trading venue for EUAs (European Units of Allocation) and CERs (Certified Emission Reduction units) at competitive prices, with clearing, settlement and custody provided by Deutsche Bank.
This partnership between two long-established and highly respected financial institutions combines carbon trading with fast, automated clearing and settlement services, enabling efficient and secure trading in a strongly regulated environment.
Trading is planned to commence in summer 2009, subject to customary conditions.
For further information, please call:
Libby Young +44 (0) 20 7545 6941
Press Office (London)
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,277 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, special purpose vehicle management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, provides fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets.
About Munich Stock Exchange
Börse München (Munich Stock Exchange) started operations on 16 December 1830. It now offers trading services in more than 11,500 securities representing various asset classes from more than 60 countries around the world. Börse München is a stock exchange under public law and operates both primary and secondary markets in Germany. As a stock exchange under public law it grants neutrality which is indispensable to safeguard the interests of investors and lenders. Börse München is convinced that it is only the competition between stock exchanges that grants fair trading practices for the purpose of the market and investors. Only through competition can progress to the benefit of the customers be achieved. Now this is true for the new carbon trading market segment.