EUROCLEAR
Euroclear: translation
Not used anymore; replaced by the Common Code on January 1, 1991. Company Extensions and Security Identifiers
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One of two principal clearing systems in the Eurobond market. It began operations in 1968, is located in Brussels, and is managed by Morgan Guaranty Bank. The New York Times Financial Glossary
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The Euroclear group is the world's largest settlement system for domestic and international securities transactions, covering both bonds and equities ( equity) for financial institutions located in over 80 countries.Bloomberg Financial Dictionary
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One of the two Eurobond clearing and settlement agencies. The other is CEDEL. It can also be used for settlement of German, French and UK government debt. Dresdner Kleinwort Wasserstein financial glossary
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Euroclear Eu‧ro‧clear [ˈjʊərəʊklɪə ǁ ˈjʊroʊklɪr] noun [singular] FINANCE
an international clearing house (= payment system) for bonds and other Securities operated by Morgan Guaranty Brussels for the banks that own it
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International clearing organization that provides clearance/settlement and borrowing/lending of securities and funds through a computerized book-entry system. The system covers both bonds and equities and serves major financial institutions in more than 80 countries.
■ www.euroclear.com ■
► See also Clearstream, Clearing House, Clearing System.
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Euroclear UK US /ˈjʊərəʊklɪər/ noun TRADEMARK STOCK MARKET
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