Wikileaks: Clearstream-counterparties 2004 (including Madoff)

[Joanne98]

http://wikileaks.org/leak/clearstream-counterparties-2004.pdf

I have no idea what this.

[Earth Bound Misfit]

1. Teilnehmernummer translates to participant number...

(I think) Looks like a list of participants in a sort of financial clearing services. I worked in NYC late 70's- mid 80's at several Wall St firms in back office. Companies used the Depository Trust Co. (DTC) to electronically transfer shares & money, rather than making physical transactions. DTC was not for profit, but was supported by each member firm, who were assigned "clearing numbers", and paid certain fees for each transaction.

Maybe this is a European version.

Edit for clarity.

[Earth Bound Misfit]

2. Something to do with this...

http://wikileaks.org/w/index.php?title=38%2C838_Clearstream_international_counterparties%2C_including_Bernard_L._Madoff%2C_Jul_2004&action=edit

2. This July 2004 listing shows 38,838 "international counterparties" with which Clearstream clients could have financial transactions. Among those counterparties, two are directly linked to Bernard L. Madoff:
a) Account #646, BERNARD L. MADOFF INVESTM.SECUR.LLC, 10022 NEW YORK
b) Account #62619, BANK MADOFF, NEW YORK


5. Because Bernard L. Madoff has two accounts that may have been used to carry on his massive $50 billion fraud. Account #646 was opened in the National Securities Clearing Corporation (NSCC) in New York City and was frozen on December 12, 2008. The very nature of account #62619 has still to be established.

6. Probably the fact that investigators, citizens and former Madoff clients would be willing to know what kind of transactions "Bank Madoff" has been doing these last years. All transactions made through account #62619 are recorded in the archives of Clearstream Banking in Frankfurt.