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The Euroclear System

  • Martine Dinne
Part of the Finance and Capital Markets Series book series (FCMS)

Abstract

The purpose of securities clearance and settlement is to administer the exchange of money and securities between parties to a securities trade. Clearance is the process of determining accountability for the exchange of assets and establishes obligations for securities and funds due. Settlement is the completion of a trade wherein securities and, depending on the system, the corresponding funds are delivered and credited to the appropriate accounts. Each trade has two sides: a securities side and a cash side. The securities side concerns the transfer of securities and is the traditional activity of a clearance system. The cash side concerns the transfer of funds corresponding to the securities trade.

Keywords

Clearance System Settlement System Money Transfer Security Trade European Currency Unit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1992

Authors and Affiliations

  • Martine Dinne
    • 1
  1. 1.Euroclear Operations CentreBrusselsBelgium

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