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CACEIS expands clearing & settlement support for Renell Bank

CACEIS has extended the scope of services it provides to Frankfurt-based Renell Wertpapierhandelsbank AG. Already a Clearing & Settlement Agent for Renell Bank’s OTC fund business, CACEIS gradually took over support in late 2018 for Renell's complete fund, equity and fixed income range. For the funds, this also included the settlement of exchange transactions relating to German regional stock exchanges in Düsseldorf, Berlin and Frankfurt (XETRA T7 and XETRA 2) as well as various segments of the Swiss Stock Exchange (SWX, SFS). CACEIS will provide comprehensive support for Renell Bank in its role as market maker for all the aforementioned asset classes.

Marc Renell, CEO of Renell Bank, said: "The combination of execution and settlement solutions makes CACEIS Bank the ideal partner for us. For our business, the broad variety of market connectivity solutions is as important as the renowned operational excellence and the long-term experience. CACEIS has already developed proven solutions for other market makers on stock exchanges and trading platforms.

Thies Clemenz, Managing Director of CACEIS in Germany, added: "We appreciate the trust Renell Bank placed in us and are delighted to have been awarded this extensive mandate for Renell's entire fund, equity and bond range”.

CACEIS offers market-leading cash equity clearing services out of its group servicing centre in Germany and is proud to count leading national and international players among its valued clients. CACEIS Bank is continuously adapting its services to its clients’ changing needs and from now on Renell Bank will benefit from the group’s clearing and settlement expertise.