This volume contains the contributions from the convention “The Future of Clearing and Settlement”, which the ILF staged on June 27, 2005, at the Johann Wolfgang Goethe University. The first part of the convention was devoted to selected questions about deposit and company law regarding securities safekeeping in the media, including possible alternatives to the applicable law and a comparative law look at Switzerland. At the same time, the analysis of the legal foundation for clearing and settlement offered the opportunity to put the market models for securities settlement, which are actively discussed at present, to the test in the second part of the convention.