Euroclear

Euroclear
Not used anymore; replaced by the Common Code on January 1, 1991. Company Extensions and Security Identifiers
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One of two principal clearing systems in the Eurobond market. It began operations in 1968, is located in Brussels, and is managed by Morgan Guaranty Bank. The New York Times Financial Glossary
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The Euroclear group is the world's largest settlement system for domestic and international securities transactions, covering both bonds and equities ( equity) for financial institutions located in over 80 countries. Bloomberg Financial Dictionary
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One of the two Eurobond clearing and settlement agencies. The other is CEDEL. It can also be used for settlement of German, French and UK government debt. Dresdner Kleinwort Wasserstein financial glossary

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Euroclear Eu‧ro‧clear [ˈjʊərəʊklɪə ǁ ˈjʊroʊklɪr] noun [singular] FINANCE
an international clearing house (= payment system) for bonds and other Securities operated by Morgan Guaranty Brussels for the banks that own it

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   International clearing organization that provides clearance/settlement and borrowing/lending of securities and funds through a computerized book-entry system. The system covers both bonds and equities and serves major financial institutions in more than 80 countries.
   ■ www.euroclear.com ■

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Euroclear UK US /ˈjʊərəʊklɪər/ noun TRADEMARK STOCK MARKET
► an international financial organization that other organizations use for managing payments relating to buying and selling bonds, shares, etc.

Financial and business terms. 2012.

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Look at other dictionaries:

  • Euroclear SA/NV — The parent company of the group (I)CSDs. Euroclear SA/NV owns the group s shared securities processing platforms and delivers a range of services to the group s depositories, including development of its technology platform. Euroclear SA/NV, a… …   Euroclear glossary

  • Euroclear group — Group that comprises Euroclear Bank SA/NV, Euroclear France SA, Euroclear Nederland BV, EMXCo, Euroclear UK Ireland and Euroclear Belgium …   Euroclear glossary

  • Euroclear Settlement of Euronext-zone Securities — (ESES) Euroclear Settlement of Euronext zone Securities (ESES) is an important intermediary step towards the Single Platform. ESES will provide the Euronext zone market CSDs (Euroclear Belgium, Euroclear France and Euroclear Nederland) with an… …   Euroclear glossary

  • Euroclear France — The Central Securities Depository (CSD) of France and the operator of the Relit+ and RGV state of the art, high performance settlement systems. First launched in 1941 as CCDVT (Caisse Centrale de Dépots et de Virements de Titres), Sicovam SA took …   Euroclear glossary

  • Euroclear NIEC — Nederlands Interprofessioneel Effectencentrum NIEC B.V. (Euroclear NIEC) is a sister company of Euroclear Nederland. As a separate legal entity, Euroclear NIEC offers safekeeping and settlement services for securities that are not eligible to the …   Euroclear glossary

  • Euroclear Bank — Brussels based public limited liability company (société anonyme / naamloze vennootschap), which is an International Central Securities Depository (ICSD) and the operator of the securities settlement system Euroclear System . It is the premier… …   Euroclear glossary

  • Euroclear Nederland — The Central Securities Depository (CSD) of The Netherlands that provides real time settlement, custody and securities administration services for capital market paper and money market paper. Euroclear Nederland settles transactions traded on the… …   Euroclear glossary

  • Euroclear Belgium — Formerly CIK, is the Central Securities Depository (CSD) of Belgium, offering a wide range of back office services to the financial community and a portfolio of added value services to issuers. Euroclear Belgium settles Euronext Brussels stock… …   Euroclear glossary

  • Euroclear Trade Capture and Matching System — (ETCMS) An automated matching and routing service for over the counter transactions with a Central Counterparty (CCP), which offers netting at both user and security eligibility level. In practice, the following occurs: • instructions are entered …   Euroclear glossary

  • Euroclear group (I)CSD — Any (I)CSD belonging to the Euroclear Group (that is any of EB, EBe, EF, ENL or EUI) …   Euroclear glossary

  • Euroclear group ICSD — Any (I)CSD belonging to the Euroclear Group (that is any of EB, EBe, EF, ENL or EUI) …   Euroclear glossary

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