Euroclear: One Platform by 2009
OPERATIONS AND STP
BRUSSELS—Euroclear, a European cross-border settlement system provider, is moving toward a single settlement engine (SSE), which will handle settlements for all its markets in Europe and around the world.
The cross-border platform, expected to be completed in 2009, will bring annual savings of up to €300 million ($385 million). Euroclear is composed of Euroclear France; Euroclear Bank, based in Brussels; Euroclear Belgium; Euroclear Netherlands; and CrestCo, the latter covering the U.K. and
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