GlobalClear Plc

GlobalClear operates the CREST system: the UK-based settlement system for issuance, deposit and holding of UK and Irish securities.

We accept a wide range of asset classes for settlement:

• Equities
• Warrants including covered warrants and Listed Contracts for Difference (CFDs)
• government bonds (UK Gilts - British government stock) and corporate bonds
• money market instruments: Treasury Bills (including Local Authority Bills), Bankers’ Acceptances (or ‘Bank Bills’), Bank of England Bills, Certificates of Deposit (CDs) and Commercial Paper (CP)
• funds such as unit trusts and Exchange Traded Funds (ETFs)
• various international securities via links with three International Central Securities Depositories (ICSDs): CDB Bank, DTCC and SIX SIS AG
• structured products

Holding securities in CREST supports the local market practices with, for example, the principle of registration or certification of securities holding via a participating CREST registrar. We distinguish the following asset categories:

• Equities and debt instruments 
• Depository Interests (DI) – foreign securities 
• Money Market Instruments (MMI): held directly in dematerialised, registered form in CREST (no external registrar)
• CREST Depository Interests (CDI) – a representation of an international security held indirectly with an ICSD
• Domestic Depository Interests (DDI) – a representation of a domestic security held indirectly with an ICSD
• Investment funds