Glossary

Euroclear

is a system for the settlement of securities (bonds, shares, fund units) transactions in the domestic and international markets. It provides settlement services to major financial institutions located in more than 80 countries. It was established in 1968 in Brussels; group of companies Euroclear Group comprises Euroclear plc., Euroclear Bank and Euroclear France. In September 2002, British Euroclear merged with the settlement organization CrestCo.
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