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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.
Building at Rue de la Régence 4 in Brussels, former head office of Euroclear Seat of Euroclear Bank in Kraków, Poland. Euroclear acquired Sicovam (the French central securities depository or CSD) in 2001, Necigef (Nederlands Centraal Instituut voor Giraal Effectenverkeer), the Dutch and CRESTCo Ltd, the CSD for UK & Irish securities using the CREST application in 2002.
Jean-Louis Gergorin is a French cybersecurity expert, [1] strategy consultant, former diplomat, and former executive vice president of EADS—the giant European aerospace company that controls and has been subsequently known as Airbus.
For international stocks, CREST holds a pool of them in a local depository, such as Clearstream for German stocks and CDS for Canadian stocks. CREST then issues a CDI to each holder of the security, which can then be transferred in CREST just like a UK equity. This is similar to the depositary receipts issued in other countries. However ...
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities like shares, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates.
The eurobond market was traditionally centered in the City of London, with Luxembourg also being a primary listing center for these instruments. [2] Eurobonds have since expanded and are traded throughout the world, with Singapore and Tokyo being notable markets as well. These bonds were originally created to escape regulation: by trading in US ...
Eurobond may refer to: Eurobond (external bond) , a bond issued that is denominated in a currency not native to the country where it is issued Eurobond (eurozone) , proposed government bonds to be issued in euros jointly by the EU’s 19 eurozone states