Deutsche BörseAG's Clearstream and SIX Group AG's SIX Securities Services AG intend to form a partnership toprovide post-trade services to the Swiss and European markets from thebeginning of 2017.

The parties, which signed a letter of intent in August, willwork on the details of the partnership in the coming months, leading up to amemorandum of understanding expected in mid-December and then the signing of afinal contract.

SIX Securities Services serves the Swiss financial center asthe central securities depository for assets and documents, while Clearstreamis a Luxembourg-based international central securities depository with €13trillion in assets under custody.