Euroclear Nederland is the main

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 tra ...

(CSD) in the

Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...

. It is a fully-owned subsidiary of the

Euroclear Group Euroclear, or the Euroclear Group, is a Belgium-based financial market infrastructure group that specialises in the central securities depository (CSD) segment. It traces its origins to the Euro-clear System developed in 1968 by Morgan Guaranty (a ...

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 The Herengracht () is the second of four Amsterdam canals belonging to the canal belt and lies between the Singel and the Keizersgracht. The Gouden Bocht (Golden Bend) in particular is known for its large and beautiful canal houses. History Th ...

Amsterdam Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Re ...

held over 8 million paper documents with aggregate value above 800 billion euros. Necigef was fully owned by

Amsterdam Exchanges Euronext Amsterdam is a stock exchange based in Amsterdam, the Netherlands. Formerly known as the Amsterdam Stock Exchange (), it merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The re ...

, known as AEX. In 2000, AEX merged with its Belgian and French counterparts to form

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), warrant ...

. 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), which had been launched in November 2007 in France. Since then, ESES has been operated by Euroclear as a single platform, even though the relevant contracts and legal arrangements remain differentiated for the three countries. In 2016, Euroclear Nederland connected to

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 ...

(T2S), the

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,

's securities settlement service. On that occasion, Euroclear France was appointed investor CSD within ESES. As part of that process, on , all eligible foreign securities from Euroclear Nederland and Euroclear Belgium were transferred to Euroclear France as the CSD of reference. In September 2016, the connection of the three ESES CSDs was successfully completed.

References

External links

Official website
Central securities depositories of Europe {{finance-stub

Overview

See also

References

External links