Definition of Euroclear:
The other principal European clearing house is Clearstream, formerly the Centrale de Livraison de Valeurs Mobilières (CEDEL).
International clearing house for financial institutions, it provides multi-currency cash clearing and settlement for internationally traded securities. Based in Brussels, Belgium, it is managed by Morgan Guaranty on behalf of the owner banks.
Euroclear is one of two principal securities clearing houses in the Eurozone. Euroclear specializes in verifying information supplied by brokers involved in a securities transaction and the settlement of securities transacted on European exchanges.
How to use Euroclear in a sentence?
- Euroclear also functions as central securities depository, where it is custodian for major financial institutions involved in European markets.
- Euroclear is a major clearing house that settles and clears securities trades executed on European exchanges.
- In addition to stock trades, Euroclear also handles orders in fixed income securities and derivatives.
Meaning of Euroclear & Euroclear Definition