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Clearstream was founded as "Cedel" (Centrale de Livraison de Valeurs Mobilières) in September 1970 by 66 of the world's major financial institutions as a clearing organisation whose objective was to minimise risk in the settlement of cross-border securities trading, particularly in the growing Eurobond market.
TARGET2-Securities, in shorthand T2S, is the Eurosystem's platform for securities settlement in central bank money. [1] T2S offers centralised delivery-versus-payment (DvP) settlement across several European securities markets, without being itself a central securities depository (CSD) since it does not offer CSD services such as custody or asset servicing.
TARGET2 was the real-time gross settlement (RTGS) system for the Eurozone from its phased introduction in 2007-2008 until its replacement with T2 in March 2023. As such, it was one of the Eurosystem's TARGET Services, replacing the original TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer System) RTGS introduced in 1999.
It was named after its securities settlement system, CREST, and has been owned and operated by Euroclear since 2002. [1] The name CREST stands for Certificateless Registry for Electronic Share Transfer. [2] CREST allows shareholders and bondholders to hold assets in a dematerialised, i.e. electronic form, rather than holding physical share ...
In November 1984 he joined the aerospace group Matra as Senior Vice President for Strategy, [2] starting a close association with CEO Jean-Luc Lagardère that lasted until Lagardère's sudden death in March 2003. Between 1998 and 2000, together with Lagardère and Co-CEO Philippe Camus, Gergorin played a major role in the series of national and ...
Some wireless routers have one or two USB ports. These can be used to connect printer or desktop or mobile external hard disk drive to be used as a shared resource on the network. [2] A USB port may also be used for connecting mobile broadband modem, [3] aside from connecting the wireless router to an Ethernet with xDSL or cable modem. A mobile ...
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