16 August 2017
Find out more

Euroclear and Clearstream cross the bridge

30 November 2000  |  3698 views  |  0 Euroclear and Clearstream cross the bridge

Clearstream International and Euroclear Bank have signed an agreement to supplement the existing overnight bridge with a new daytime transaction processing capability between the two settlement systems.

The new daytime link for multiple, intra-day exchanges of securities and cash deliveries will commence next year, and will operate manually until an automated solution is available by the end of 2001, the companies say.

Increased efficiency and liquidity, and the potential to distribute new issues of securities on a same-day basis, will be the main benefits of the daytime link, claim the companies.

The rival European depositories have been subject to intense pressure from market participants to develop closer links. In a joint statement, Euroclear and Clearstream say the mutual agreement to evolve the bridge "is a tangible commitment by both organisations to collaborate more closely on developments that will add value to the market".

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CrestCo prepares to take on European depositories

CrestCo prepares to take on European depositories

18 October 2000  |  2623 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10877 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
9952 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9267 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
8995 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8175 views comments | 6 tweets | 21 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job