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Euroclear Belgium
Euroclear Belgium is one of three central securities depositories (CSDs) in Belgium, together with Euroclear Bank and NBB-SSS. It is the main CSD for Belgian securities other than government bonds. Both Euroclear Belgium and Euroclear Bank are fully-owned entities of the Euroclear Group, which is like them is headquartered in Brussels. Overview The Caisse Interprofessionnelle de Dépôts et de Virements de Titres / Interprofessionele Effectendeposito- en Girokas (), abbreviated as CIK, was initiated in 1967, and formally created by Belgian Royal Decree of . In 1999, CIK merged with the Brussels Stock Exchange and the Belgium Futures and Options Exchange (BELFOX, est. 1991) to form Brussels Exchanges, abbreviated as BXS. In 2000, BXS merged with its Dutch and French counterparts to form Euronext. In December 2004, Euroclear announce it would acquire CIK from Euronext, following its takeovers of Sicovam (France) in 2001, and Necigef (Netherlands) and CRESTCo (UK) in 2002. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brussels - Euroclear HQ
Brussels, officially the Brussels-Capital Region, (All text and all but one graphic show the English name as Brussels-Capital Region.) is a Communities, regions and language areas of Belgium#Regions, region of Belgium comprising #Municipalities, 19 municipalities, including the City of Brussels, which is the capital of Belgium. The Brussels-Capital Region is located in the central portion of the country. It is a part of both the French Community of Belgium and the Flemish Community, and is separate from the Flemish Region (Flanders), within which it forms an enclave, and the Walloon Region (Wallonia), located less than to the south. Brussels grew from a small rural settlement on the river Senne (river), Senne to become an important city-region in Europe. Since the end of the Second World War, it has been a major centre for international politics and home to numerous international organisations, politicians, Diplomacy, diplomats and civil servants. Brussels is the ''de facto' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sicovam
Euroclear France is the main central securities depository (CSD) in France. It is a fully-owned subsidiary of the Euroclear Group. Overview In 1941, the Vichy regime created the Caisse Centrale des Dépôts et Virements de Titres (CCDVT, ) with the intent of being able to track the ownership of French equities in the context of German military administration in occupied France during World War II, German occupation of France. Its inspiration was the Kassenverein system which had successfully operated in Germany for several decades. Deposit of shares at the CCDVT was made mandatory by subsequent Vichy legislation of . In the postwar period following the liberation of France, the deposit mandate was deemed harmful to civil liberties and lifted by legislation of and executive order of which established a replacement entity to the CCDVT, named the Société Interprofessionnelle de COmpensation des VAleurs Mobilières (), abbreviated as SICOVAM. In practice, the vast majority of s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroclear Nederland
Euroclear Nederland is the main central securities depository (CSD) in the Netherlands. It is a fully-owned subsidiary of the Euroclear Group. Overview The Nederlands Centraal Instituut voor Giraal Effectenverkeer (Necigef, ) started operations in September 1977, with nearly all Dutch physical securities deposited there. In the early 1990s, its safe on the Herengracht in Amsterdam held over 8 million paper documents with aggregate value above 800 billion euros. Necigef was fully owned by Amsterdam Exchanges, known as AEX. In 2000, AEX merged with its Belgian and French counterparts to form Euronext. On , Euroclear announced intent to acquire Necigef. The transaction was completed in two stages in February and April 2002. Following the acquisition, Necigef adopted Euroclear Nederland as its commercial name. In January 2009, the Euroclear-owned CSDs in Belgium and the Netherlands migrated to a technical platform known as the Euroclear Settlement of Euronext-zone Securities (ESES), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroclear France
Euroclear France is the main central securities depository (CSD) in France. It is a fully-owned subsidiary of the Euroclear Group. Overview In 1941, the Vichy regime created the Caisse Centrale des Dépôts et Virements de Titres (CCDVT, ) with the intent of being able to track the ownership of French equities in the context of German occupation of France. Its inspiration was the Kassenverein system which had successfully operated in Germany for several decades. Deposit of shares at the CCDVT was made mandatory by subsequent Vichy legislation of . In the postwar period following the liberation of France, the deposit mandate was deemed harmful to civil liberties and lifted by legislation of and executive order of which established a replacement entity to the CCDVT, named the Société Interprofessionnelle de COmpensation des VAleurs Mobilières (), abbreviated as SICOVAM. In practice, the vast majority of securities holders kept their securities deposited at SICOVAM even thou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurosystem
The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The European Central Bank (ECB) has, under Article 16 of its Statute,Statute of the ECB (PDF) the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the amount must be authorised by the ECB beforehand. The Eurosystem consists of the ECB and the national central banks (NCB) of the 20 member states that are part of the eurozone. The national central banks apply the monetary policy of the ECB. The primary objective of the Eurosystem is price stability. Secondary objectives are financial stability and financial integration. The mission statement of the Eurosyste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TARGET2-Securities
TARGET2-Securities, in shorthand T2S, is the Eurosystem's platform for securities settlement in central bank money. T2S offers centralised delivery-versus-payment (DvP) settlement across several European securities markets, without being itself a central securities depository (CSD) since it does not offer CSD services such as custody or asset servicing. T2S is one of the Eurosystem's TARGET Services, together with T2 and TARGET Instant Payment Settlement (TIPS) for cash payments. Background Historically, financial market infrastructures in Europe were created to meet the requirements of national financial markets. In most cases, there were one or two dominant players at each stage of the value chain: typically one stock exchange for trading, one central counterparty (CCP) for clearing and at least one CSD for settlement. Furthermore, these national infrastructures were primarily designed to manage securities denominated in the national currency. Securities settlement across ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CRESTCo
Euroclear UK & International is a UK-based central securities depository that holds UK equities and UK gilts. It operates the CREST system, whose name stands for Certificateless Registry for Electronic Share Transfer. Originally known as CRESTCo (sometimes CrestCo), it was renamed in 2002, following acquisition by Euroclear, as Euroclear UK & Ireland; and in 2021, following the migration of Irish securities to Euroclear Bank, adopted its current name. History The CREST project was launched in 1993, following the TAURUS fiasco. The operating company CRESTCo was founded in 1996. In late 2001, Euroclear began negotiations to acquire CRESTCo. The transaction was completed in the second half of 2002. Operations CREST allows shareholders and bondholders to hold assets in a dematerialised, i.e. electronic form, rather than holding physical share certificates. CREST also serves a number of other important functions, such as assisting in the payments of dividends to shareholders. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Necigef
Euroclear Nederland is the main central securities depository (CSD) in the Netherlands. It is a fully-owned subsidiary of the Euroclear Group. Overview The Nederlands Centraal Instituut voor Giraal Effectenverkeer (Necigef, ) started operations in September 1977, with nearly all Dutch physical securities deposited there. In the early 1990s, its safe on the Herengracht in Amsterdam held over 8 million paper documents with aggregate value above 800 billion euros. Necigef was fully owned by Amsterdam Exchanges, known as AEX. In 2000, AEX merged with its Belgian and French counterparts to form Euronext. On , Euroclear announced intent to acquire Necigef. The transaction was completed in two stages in February and April 2002. Following the acquisition, Necigef adopted Euroclear Nederland as its commercial name. In January 2009, the Euroclear-owned CSDs in Belgium and the Netherlands migrated to a technical platform known as the Euroclear Settlement of Euronext-zone Securities (ESES) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euronext
Euronext N.V. (short for European New Exchange Technology) is a European bourse that provides trading and post-trade services for a range of financial instruments. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, derivatives, commodities, foreign exchange as well as indices. By the end of 2023, Euronext operated nearly 2,000 listed issuers with a market capitalization of approximately €6.6 trillion. Euronext is the largest center for debt and funds listings in the world, and provides technology and managed services to third parties. In addition to its main regulated market, it operates Euronext Growth and Euronext Access, providing access to listing for small and medium-sized enterprises. Euronext Paris accounts for more than 80% of Euronext’s total market cap. Euronext also plays a key role in commodities trading, offering markets for power through Nord Pool and for fish through Fish Pool, alongside other agricu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Securities Depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates. This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement. In recent decades this has usually been done electronically, making it much faster and easier than was traditionally the case where physical certificates had to be exchanged after a trade had been completed. In some cases these organizations also carry out centralized comparison and transaction processing such as clearing and settlement of securities transfers, securities pledges, and securities freezes. In modern corporate debt markets, investors achieve collateralization through CSDs. The CSDs operate as trustee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BELFOX
The Belgium Futures and Options Exchange (BELFOX) was the derivatives exchange of Belgium that was established in 1991 and merged with the Brussels Stock Exchange in 2000. Belfox was founded as a cooperation between important players in the Belgian financial markets. The Belfox market offered electronic trading and clearing facilities on derivatives (futures and options). The underlying values were stocks of major Belgian companies. History The exchange was established in 1991. A new advanced trading system BTS was launched in 1998, intending to increase instrument and enhance speed flexibility. Jos Schmitt acted as CEO until Belfox merged with the Brussels stock exchange and CIK, forming BXS (Brussels eXchangeS). This merger took place in 2000, and BXS merged with French and Dutch stock exchange companies into Euronext. A new exchange under the NYSE Euronext banner was opened, consolidating other Euronext exchanges in November 2007. The new exchange is called formally NYSE EURON ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brussels Stock Exchange
The Brussels Stock Exchange ( ; ), abbreviated to BSE, was founded in Brussels, Belgium, by decree of Napoleon in 1801. In 2002, the BSE merged with the Amsterdam Stock Exchange, Amsterdam, Lisbon Stock Exchange, Lisbon and Paris Bourse, Paris stock exchanges into Euronext, renaming the BSE Euronext Brussels. The most well known stock market index on the BSE is the BEL20. The former Brussels Stock Exchange building (; ), usually shortened to or , is located on the Place de la Bourse, Brussels, Place de la Bourse/Beursplein along the Boulevard Anspach, Boulevard Anspach/Anspachlaan. This area is served by the ''Trams in Brussels, premetro'' (underground tram) station Bourse - Grand-Place premetro station, Bourse - Grand-Place/Beurs - Grote Markt on lines Brussels tram route 4, 4 and Brussels tram route 10, 10. History Inception and construction Created in 1801 by decree of Napoleon, the Stock Exchange () established in Brussels successively occupied different premises. From 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
