Clearnet sets October 2002 deadline for Amsterdam Clearing 21 migration

Clearnet sets October 2002 deadline for Amsterdam Clearing 21 migration

Clearnet has set 25 October 2002 as the target date for implementation of Clearing 21 as the new clearing platform for cash markets in Amsterdam.

The migration of the participants in Amsterdam to C21 is an important step of the move to a single clearing platform for all Clearnet members in Amsterdam, Brussels and Paris on their cash transactions.

In Brussels, migration to C21 will take place on 1 March 2002.

The Clearing 21 platform allows the processing of transactions from all markets in real time using a single tool and enables multilateral netting of positions. The system is currently used on US derivative markets and on derivative and cash markets in Paris.

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