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| | Clearstream - FX Reserves (Site not responding. Last check: 2007-10-14) |
 | | However, all financial demands made by Clearstream were rejected by the judges, who considered the information revealed to be "serious and cross-checked, absent of any animosity, and expressed with caution," and the case is due to be heard in Appeals Court in 2006. |
 | | The purpose of Clearstream is to facilitate money movements around the world, particularly by handling the resolution of sales of European stocks and bonds, in which market Clearstream was a major player, with an estimated 40% market share until May 2004 - together with its competitor Euroclear, the two firms settle 70% of European transactions. |
 | | In April 2006, while the second "Clearstream affair" was beginning to make French media headlines, Clearstream filed a lawsuit against "John Doe," targeting this time the anonymous denunciations claiming that Nicolas Sarkozy and other French political personalities had secret accounts at Clearstream, which would have been used for hypothetical kickbacks. |
| www.fxreserves.com /article/clearstream.htm (6514 words) |
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