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Euroclear renews Radianz contract

09 February 2004  |  3913 views  |  0 Euroclear renews Radianz contract

Euroclear has signed a new three year agreement to use Radianz's financial extranet, RadianzNet, to provide customers with access to clearing and settlement services.

Under the new contract, which is the extension of an existing deal signed in 2000, Euroclear will continue to use the Radianz network to connect customers to the settlement services provided by Brussels-based Euroclear Bank and Paris-based Euroclear France.

Michael Pilkington, managing director and head of corporate technology, Euroclear, says: "By utilising Radianz's infrastructure, our clients are offered the opportunity to leverage their connectivity to access multiple services - while providing them with a choice of efficient and cost-effective means of connectivity."

Chris Church, Radianz's executive vice president and head of global sales and marketing, says the new agreement with Euroclear will "help accelerate the transition toward a shared market infrastructure for clearing and settlement services".

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