Euroclear integration consigns CrestCo brand to bin
21 May 2007 | 1559 views | 0
Effective 1 July 2007, CRESTCo Ltd. will change its legal and operating name to ‘Euroclear UK & Ireland Limited’.
The name change signifies CRESTCo's complete integration within the Euroclear group of international and national central securities depositories. Business with Euroclear UK & Ireland will be no different from that carried out previously with CRESTCo. Euroclear UK & Ireland will continue in its role as the central securities depository for the United Kingdom and Ireland, respectively, and will continue to operate the real-time settlement system called CREST.
Reference to 'CREST' as the company's processing system will be maintained until at least the launch of Euroclear's Single Platform in 2009/2010. Please refer to 'Euroclear UK & Ireland' when referring to 'CRESTCo' in future articles as of 1 July 2007.
Euroclear UK & Ireland's stakeholders, clients and regulators are all being pre-advised of this corporate name change.